PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 9:31 AM ET

Sponsor Check › Grayscale › Issuer

GD

Grayscale Data Network Trust (DATA)

Business Trust · organized in Delaware · formed 2025 · Stamford, CT · formerly Grayscale Story Trust (IP); Grayscale Trust V

Part of the sponsor group Grayscale (37 issuers, 193 filings) · linked by shared people, shared management entity, same business address, similar issuer names · not the same sponsor?

$39.2Mreported sold (max)
7investors (max)
1offering
3Form D filings
2025–2026filing years
0new, last 12 mo
Follow this issuerConnect me with this sponsorEmail me the full reportLook further ↓

Data last updated Oct 23, 2026, 5:45 PM ET · Latest filing by this issuer Sep 24, 2026 · Courts (RECAP) last checked: Oct 24, 2026, 2:10 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Grayscale Data Network Trust (DATA) is a business trust organized in Delaware (formed 2025), based in Stamford, CT, one of 37 issuers in the sponsor group Grayscale.

What this means This is one deal company run by a team with 37 companies on file. The group page shows the whole team's track record; this page is the one deal.

It has filed 3 Form D filings (1 original and 2 amendments, Aug 8, 2025 to Sep 24, 2026) for 1 offering, pooled investment fund (other investment fund) under Rule 506(c): $39.2M sold of an indefinite amount offered to 7 investors, minimum investment $25K, first sale Jul 28, 2025.

What this means The size of the raise is reported above — about $5.61M per investor. Rule 506(c) means the sponsor may advertise but every investor must be verified as accredited (wealthy or high-income).

Key people as listed: Craig Salm (executive officer and director), Kathryn Masci (executive officer and director), Peter Mintzberg (executive officer and director), Grayscale Advisors, LLC (promoter, entity), Grayscale Investments Sponsors, LLC (promoter, entity) and 6 more.

What this means These are the people the company itself named as running or promoting it. Tap a name to see every other deal they are on.

No sales commissions, finder's fees or proceeds to insiders are reported. No sales-compensation recipients are listed.

What this means No broker was paid — the sponsor sold it directly to investors.

Sister issuers in the group include Grayscale Bitcoin Trust (BTC), Grayscale Ethereum Trust (ETH), Grayscale Litecoin Trust (LTC) and 33 more.

Activity: 0 new offerings in the last 12 months; latest amendment Sep 24, 2026; latest filing Sep 24, 2026.

What this means No new raise filed in the past year — this deal company may be done raising, or simply quiet.

Adviser registration (Form ADV) on record: GRAYSCALE ADVISORS.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CO, CT, DC, DE, FINRA, FL, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY) — 1 bankruptcy case matching the name listed in Key records below. No completed search yet: property records (NYC, FL, IL and TX counties) (runs automatically; this line updates when it finishes).

What this means 1 record came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 3 public filings for Grayscale Data Network Trust (DATA) and found 2 differences, 1 worth asking the sponsor about: 5 people are no longer listed on a later amendment; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

Business registration (state registry / Secretary of State)

State business registry (Secretary of State) 0 records matched to Grayscale Data Network Trust (DATA)

No Secretary of State record matched in the registries searched (the issuer's reported state of incorporation, DE, has not been searched). Registries searched: AL (Alabama Secretary of State — Business Entity Records (arc-sos.state.al.us), searched by issuer name, data as of Oct 24, 2026); CO (Colorado Secretary of State — Business Entities in Colorado (data.colorado.gov), data as of Oct 23, 2026); CT (Connecticut Secretary of the State — Business Registry (data.ct.gov), data as of Oct 24, 2026); FL (Florida Department of State, Division of Corporations — quarterly corporate data file (Sunbiz), data as of Oct 7, 2026); NY (New York Department of State — Corporations and Other Entities (data.ny.gov: All Filings + Active Corporations), data as of Oct 20, 2026); OR (Oregon Secretary of State — Active Businesses, All (data.oregon.gov), data as of Oct 20, 2026); PA (Pennsylvania Department of State — Registered Businesses, Current (data.pa.gov), data as of Oct 6, 2026); TX (Texas Comptroller — Active Franchise Taxpayers incl. Secretary of State file data (data.texas.gov), data as of Oct 24, 2026). Registries of other states have not been searched: many publish no bulk file and require a CAPTCHA or bot challenge on their search page, which we do not bypass (Delaware, for example, offers no public bulk file).

What the community is saying

Community search for Grayscale Data Network Trust (DATA) has not run yet — it is joining a line of 34,966 names; searches run around the clock at the hosts' allowed rate. Searched so far: 638 names.

Community comments are quoted as written by their authors. Sources searched: Bing (site:reddit.com / site:biggerpockets.com) and Reddit's own search, plus DuckDuckGo/Brave/BiggerPockets search when they are answering.

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found in sources searched — federal courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:10 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: 48 regulators (FINRA, NASAA, 37 states) — crawled Oct 24, 2026, 8:48 AM ET

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Grayscale Data Network Trust (DATA)..

State securities regulators: Securities regulators searched (64,910 actions): FINRA (38,350 actions, 1995–2026), NASAA (31 actions, 2000–2026; listing starts 1997), AK Division of Banking and Securities (273 actions, 1971–2025), AL Securities Commission (880 actions, 2001–2026), AR Securities Department (1,305 actions, 1998–2026), AZ Corporation Commission Securities Division (411 actions, 2017–2026), CA DFPI (25 actions, 2007–2024; listing starts 2002 — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), CO Division of Securities (731 actions, 2001–2026; older years from the Internet Archive (snapshot of 2026-05-02)), CT Department of Banking Securities Division (940 actions, 2006–2026; older years from the Internet Archive (snapshot of 2026-04-22)), DC DISB Securities Bureau (25 actions, 2012–2026), DE DOJ Investor Protection Unit (257 actions, 1987–2026), FL Office of Financial Regulation (49 actions, 2018–2026), GA Secretary of State Securities Division (65 actions, 2015–2026; listing starts 2012), HI DCCA Securities Enforcement Branch (26 actions, 2012–2026), ID Department of Finance Securities Bureau (663 actions, 1994–2026), IL Secretary of State Securities Department (4,122 actions, 2003–2023), KS Insurance Department Securities Division (58 actions), KY Department of Financial Institutions (342 actions, 2005–2026), LA Office of Financial Institutions Securities Division (13 actions, 2010–2025; listing starts 2008), MA Secretary of the Commonwealth Securities Division (125 actions, 2012–2025; live site blocks automated access — loaded from the Internet Archive snapshot of 2026-02-04), MD Attorney General Securities Division (1,054 actions, 2004–2026), ME Office of Securities (539 actions, 2000–2026), MI LARA Corporations, Securities & Commercial Licensing Bureau (201 actions), MO Secretary of State Securities Division (919 actions, 1998–2026), MS Secretary of State Securities Division (209 actions, 1995–2026), MT Commissioner of Securities and Insurance (597 actions, 2000–2026), NC Secretary of State Securities Division (265 actions, 2004–2024), ND Securities Department (711 actions, 1990–2026; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2026-01-06), NH Bureau of Securities Regulation (402 actions, 2002–2026), NM Regulation and Licensing Department Securities Division (90 actions, 2010–2025), NV Secretary of State Securities Division (118 actions, 2018–2026), NY Attorney General Investor Protection Bureau (44 actions, 2012–2026), OH Division of Securities (327 actions, 1993–2006), OK Department of Securities (2,531 actions, 1998–2026), OR Division of Financial Regulation (589 actions, 1988–2026), PA Department of Banking and Securities (1,448 actions, 2008–2024; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2024-08-09), RI DBR Securities Division (98 actions, 2005–2025), SC Attorney General Securities Division (540 actions, 2006–2026), SD Division of Insurance – Securities Regulation (106 actions, 2017–2026), TN Department of Commerce and Insurance Securities Division (405 actions, 1992–2026), TX State Securities Board (936 actions, 1999–2026), UT Division of Securities (772 actions, 2000–2026; older years from the Internet Archive (snapshot of 2010-05-27)), VT DFR Securities Division (137 actions, 2010–2026), WA DFI (2,039 actions, 2001–2026), WI DFI Division of Securities (1,072 actions, 1998–2026), WV Securities Commission (State Auditor) (64 actions), WY Secretary of State Compliance Division (6 actions, 2016–2024) — last crawled Oct 24, 2026, 8:48 AM ET. No machine-readable public listing today for IA, IN, MN, NE, NJ, VA (see docs/state-regulators.md).

3. Bankruptcies

1 case: 1 closed (disposition not in docket feed)

Grayscale Inc closed matched at sponsor-group level (Grayscale)
United States Bankruptcy Court, N.D. Illinois · No. 02-31330 · Filed Aug 16, 2002 · Closed Jun 4, 2004
Role of Grayscale Inc: Debtor · Outcome: Case closed 2004-06-04 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
exact company name; name has one distinctive word; court in IL (not the issuer's state); filed 2002, issuer incorporated 2018
What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:10 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

No comparisons published

What is compared

No public statement by this issuer has been collected yet, so there is nothing to compare. Sources compared: the sponsor's own website (known from the issuer's own filings — Form C issuer website, EDGAR company profile — an approved profile claim or Form ADV Item 1.I of its matched adviser) · SEC Form D · SEC Form ADV (IAPD) · Internet Archive · No website is on file for this issuer yet.

2 differences found between the filings for Grayscale Data Network Trust (DATA) — 1 worth asking about (compared 3 filings on Oct 24, 2026)

Worth asking · Aug 8, 2025 – Sep 24, 2026

5 people are no longer listed on a later amendment

Edward McGee is no longer listed on the Sep 24, 2026 amendment — Grayscale Data Network Trust (DATA) · Barry E. Silbert is no longer listed on the Sep 24, 2026 amendment — Grayscale Data Network Trust (DATA) · Mark Shifke is no longer listed on the Sep 24, 2026 amendment — Grayscale Data Network Trust (DATA) · Simon Koster is no longer listed on the Sep 24, 2026 amendment — Grayscale Data Network Trust (DATA) · Matthew Kummell is no longer listed on the Jan 5, 2026 amendment — Grayscale Data Network Trust (DATA)

What this means People leave; the issuer lists only current officers, directors and promoters. Ask why and who replaced them.

Form D/A · Jan 5, 2026 ↗Form D/A · Sep 24, 2026 ↗Edward McGee — PartnerFacts page ↗Grayscale Data Network Trust (DATA) — PartnerFacts page ↗
Sources
Note · Aug 8, 2025 – Sep 24, 2026

Issuer used a different name before — Grayscale Data Network Trust (DATA)

SEC records list prior names for this filer: Grayscale Story Trust (IP); Grayscale Trust V. The current name on file is "Grayscale Data Network Trust (DATA)".

What this means A name change is normal, but your documents may show the old name. Match the CIK, not just the name.

EDGAR filer page ↗Grayscale Data Network Trust (DATA) — PartnerFacts page ↗
Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

None reported on 1 offering — no sales commissions, finder's fees or proceeds to insiders

Per-offering detail
Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Sep 24, 2026 D/A
File 021-554091
$0$0$0None listed on this filingEDGAR ↗

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Property records 0 documents · 0 ownership records · searched Oct 23, 2026, 8:59 PM ET

0 recorded documents and 0 ownership records matched to Grayscale Data Network Trust (DATA) in the sources searched.

Not searched: property records are matched on business-entity names only, and this issuer's Form D name does not carry one, so nothing was looked up and nothing can be said either way.

Property records coverage: New York City (ACRIS recorded documents and PLUTO ownership, looked up per issuer when its page is viewed; re-checked when the page is viewed again more than 30 days after the last check); Harris County TX (ownership only, no deed, mortgage or sale records; HCAD ownership rolls 2005–2026); Dallas County TX (ownership only, no deed, mortgage or sale records; DCAD ownership rolls 2021–2027); Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll), Broward County FL (FL DOR 2026 ownership roll), Palm Beach County FL (FL DOR 2026 ownership roll); King County WA (Assessor sale records 0000-00-00–2026-10-14; no owner-of-record names published); Cook County IL (Assessor sale records 1982–2026 + ownership rolls 2014–2026); also looked up per issuer when its page is viewed. Recorder indexes (party names on deeds, mortgages and liens) in TX, AZ, NV, CA and WA counties and outside the Clerk index in FL, mortgages and liens outside NYC and Hillsborough County, lis pendens and foreclosure notices everywhere, Los Angeles County CA, Clark County NV, New York City bulk pass (not finished; per-issuer lookups only so far), Maricopa County AZ (loader ready; commercial-purpose statement not yet filed), Salt Lake County UT, and all other counties are not covered — not searched. Last refresh by source: Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp) Oct 24, 2026, 9:05 AM ET; Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp) Oct 24, 2026, 8:30 AM ET; King County WA Assessor Real Property Sales extract (EXTR_RPSale.csv) Oct 24, 2026, 8:27 AM ET; Florida DOR NAL roll (Palm Beach 60) Oct 24, 2026, 8:25 AM ET; Florida DOR NAL roll (Broward 16) Oct 24, 2026, 8:24 AM ET; Florida DOR NAL roll (Dade 23) Oct 24, 2026, 8:23 AM ET; Florida DOR NAL roll (Hillsborough 39) Oct 24, 2026, 8:21 AM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV Oct 24, 2026, 8:20 AM ET; Harris County Appraisal District real_acct.txt Oct 24, 2026, 8:00 AM ET; Hillsborough County FL Clerk daily index Oct 23, 2026, 8:59 PM ET. NYC and Cook County are also looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 3:30 AM ET. Parties are named as the recorder's index names them (role suffixes as recorded); no address, account number or trust date is shown for an individual, and individual owners of record (home ownership) are not matched or shown. Items still in human review are not shown.

Offerings (SEC Form D)

Each filing as reported by the issuer, newest first. Open a row for the full plain-English detail. D = original notice, D/A = amendment.

Offerings at a glance — 1 offering, 3 filings (one row per SEC file number)
File no.Original Form DLatest filingAmendmentsOffered (latest)Sold (latest)Industry (latest)
021-554091Aug 8, 2025 EDGAR ↗Sep 24, 2026 D/A EDGAR ↗2
latest Sep 24, 2026
Indefinite$39,242,371Pooled Investment Fund

Offerings are grouped by SEC file number; rows without a file number (not yet retrieved from EDGAR) are shown as their own offering until the link is fetched.

Sep 24, 2026 D/A Pooled Investment Fund — $39,242,371 sold of Indefinite · 7 investors EDGAR ↗
FilingForm D/A (amendment) filed Sep 24, 2026 · amends 0002079251-26-000001 ↗
SEC file no. 021-554091 · accession 0002079251-26-000003 · filing 3 of 3 in this offering
Raise progress$39,242,371 sold of Indefinite offered · Indefinite remaining · first sale Jul 28, 2025
Filing timingDate of first sale: Jul 28, 2025 · Original Form D filed: Aug 8, 2025 (11 days after first sale) · This amendment (Form D/A) filed: Sep 24, 2026
This row is an amendment. Rule: the original Form D is generally due within 15 days after the first sale; the rule sets no deadline measured from an amendment. Dates shown as reported; no conclusion is drawn.
Time since first sale454 days (1.2 years)
Annual amendmentsIssuer reported the offering may last more than one year. This filing is an amendment dated Sep 24, 2026. Most recent amendment for this offering in our index: this filing, Sep 24, 2026.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors7 total · issuer reported no non-accredited investors
Exemption claimedRule 506(c) — general advertising allowed; all investors must be verified accredited
Minimum investment accepted$25,000
Securities offeredPooled investment fund interests
Entity detailsOrganized in DELAWARE · formed 2025 · net asset value range: Decline to Disclose (state and year as reported on the issuer's latest filing)
As reported by the issuer on Form D (Items 1–2 and 5).
IndustryPooled Investment Fund (Other Investment Fund)
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byKathryn Masci, Interim Chief Financial Officer of the Sponsor of the Issuer (Sep 24, 2026)
Changes vs previous filing
  • related persons added (Sep 24, 2026): Craig Salm, Kathryn Masci
  • related persons no longer listed (Sep 24, 2026): Edward McGee, Simon Koster, Barry Silbert, Mark Shifke
Compared with the D/A filed Jan 5, 2026 (EDGAR ↗). Fields compared: total sold, total offering, remaining, investors, non-accredited investors (count), non-accredited investors reported, minimum investment, sales commissions, finder's fees, proceeds to insiders, date of first sale, industry, fund type, exemption, revenue range, net asset value range, securities offered, may last more than one year, related persons, sales-compensation recipients. Amendment history as filed; no conclusion is drawn.
Market contextMinimum investment: $25,000. Typical range for similar offerings: $5,000–$100,000.
Offering size: Indefinite. Typical range: $500,000–$16,420,250.
Investors: 7. Typical range: 2–28.
"Similar" = Pooled Investment Fund, Rule 506(c). Based on 8,096 Form D filings 2021–2026 in the same industry and exemption (Pooled Investment Fund, Rule 506(c); original Form D notices, one per offering) (Form D data, SEC). Ranges are the middle half (25th–75th percentile) of the filings that reported each value: minimum investment 6,057, offering size 4,103, investors 5,272. Computed by PartnerFacts as of Oct 23, 2026, 5:45 PM ET. No ranking or score. Source: PartnerFacts data & coverage.
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set · PartnerFacts data last updated Oct 23, 2026, 5:45 PM ET
Jan 5, 2026 D/A Pooled Investment Fund — $39,242,371 sold of Indefinite · 7 investors EDGAR ↗
FilingForm D/A (amendment) filed Jan 5, 2026 · amends 0002079251-25-000002 ↗
SEC file no. 021-554091 · accession 0002079251-26-000001 · filing 2 of 3 in this offering
Raise progress$39,242,371 sold of Indefinite offered · Indefinite remaining · first sale Jul 28, 2025
Filing timingDate of first sale: Jul 28, 2025 · Original Form D filed: Aug 8, 2025 (11 days after first sale) · This amendment (Form D/A) filed: Jan 5, 2026
This row is an amendment. Rule: the original Form D is generally due within 15 days after the first sale; the rule sets no deadline measured from an amendment. Dates shown as reported; no conclusion is drawn.
Time since first sale454 days (1.2 years)
Annual amendmentsIssuer reported the offering may last more than one year. This filing is an amendment dated Jan 5, 2026. Most recent amendment for this offering in our index: Sep 24, 2026 (EDGAR ↗).
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors7 total · issuer reported no non-accredited investors
Exemption claimedRule 506(c) — general advertising allowed; all investors must be verified accredited
Minimum investment accepted$25,000
Securities offeredPooled investment fund interests
Entity detailsOrganized in DELAWARE · formed 2025 · net asset value range: Decline to Disclose (state and year as reported on the issuer's latest filing)
As reported by the issuer on Form D (Items 1–2 and 5).
IndustryPooled Investment Fund (Other Investment Fund)
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byEdward McGee, Chief Financial Officer of the Sponsor of the Issuer (Jan 5, 2026)
Changes vs previous filing
  • total sold: $36,072,345 (Aug 8, 2025) → $39,242,371 (Jan 5, 2026)
  • investors: 5 (Aug 8, 2025) → 7 (Jan 5, 2026)
  • related persons added (Jan 5, 2026): Simon Koster
  • related persons no longer listed (Jan 5, 2026): Matthew Kummell
Compared with the D filed Aug 8, 2025 (EDGAR ↗). Fields compared: total sold, total offering, remaining, investors, non-accredited investors (count), non-accredited investors reported, minimum investment, sales commissions, finder's fees, proceeds to insiders, date of first sale, industry, fund type, exemption, revenue range, net asset value range, securities offered, may last more than one year, related persons, sales-compensation recipients. Amendment history as filed; no conclusion is drawn.
Market contextMinimum investment: $25,000. Typical range for similar offerings: $5,000–$100,000.
Offering size: Indefinite. Typical range: $500,000–$16,420,250.
Investors: 7. Typical range: 2–28.
"Similar" = Pooled Investment Fund, Rule 506(c). Based on 8,096 Form D filings 2021–2026 in the same industry and exemption (Pooled Investment Fund, Rule 506(c); original Form D notices, one per offering) (Form D data, SEC). Ranges are the middle half (25th–75th percentile) of the filings that reported each value: minimum investment 6,057, offering size 4,103, investors 5,272. Computed by PartnerFacts as of Oct 23, 2026, 5:45 PM ET. No ranking or score. Source: PartnerFacts data & coverage.
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set · PartnerFacts data last updated Oct 23, 2026, 5:45 PM ET
Aug 8, 2025 D Pooled Investment Fund — $36,072,345 sold of Indefinite · 5 investors EDGAR ↗
FilingForm D filed Aug 8, 2025
SEC file no. 021-554091 · accession 0002079251-25-000002 · filing 1 of 3 in this offering
Raise progress$36,072,345 sold of Indefinite offered · Indefinite remaining · first sale Jul 28, 2025
Filing timingDate of first sale: Jul 28, 2025 · Form D filed: Aug 8, 2025 (11 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale454 days (1.2 years)
Annual amendmentsIssuer reported the offering may last more than one year. Most recent amendment for this offering in our index: Sep 24, 2026 (EDGAR ↗).
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors5 total · issuer reported no non-accredited investors
Exemption claimedRule 506(c) — general advertising allowed; all investors must be verified accredited
Minimum investment accepted$25,000
Securities offeredPooled investment fund interests
Entity detailsOrganized in DELAWARE · formed 2025 · net asset value range: Decline to Disclose (state and year as reported on the issuer's latest filing)
As reported by the issuer on Form D (Items 1–2 and 5).
IndustryPooled Investment Fund (Other Investment Fund)
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byEdward McGee, Chief Financial Officer of the Sponsor of the Issuer (Aug 8, 2025)
Market contextMinimum investment: $25,000. Typical range for similar offerings: $5,000–$100,000.
Offering size: Indefinite. Typical range: $500,000–$16,420,250.
Investors: 5. Typical range: 2–28.
"Similar" = Pooled Investment Fund, Rule 506(c). Based on 8,096 Form D filings 2021–2026 in the same industry and exemption (Pooled Investment Fund, Rule 506(c); original Form D notices, one per offering) (Form D data, SEC). Ranges are the middle half (25th–75th percentile) of the filings that reported each value: minimum investment 6,057, offering size 4,103, investors 5,272. Computed by PartnerFacts as of Oct 23, 2026, 5:45 PM ET. No ranking or score. Source: PartnerFacts data & coverage.
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set · PartnerFacts data last updated Oct 23, 2026, 5:45 PM ET
Amendment history — 2 amendments on this page, each compared with the filing before it in the same offering
Amendment filedFile no.Compared withWhat changed (both values as filed)
Sep 24, 2026 EDGAR ↗021-554091Jan 5, 2026 D/Arelated persons added (Sep 24, 2026): Craig Salm, Kathryn Masci · related persons no longer listed (Sep 24, 2026): Edward McGee, Simon Koster, Barry Silbert, Mark Shifke
Jan 5, 2026 EDGAR ↗021-554091Aug 8, 2025 Dtotal sold: $36,072,345 (Aug 8, 2025) → $39,242,371 (Jan 5, 2026) · investors: 5 (Aug 8, 2025) → 7 (Jan 5, 2026) · related persons added (Jan 5, 2026): Simon Koster · and 1 more (open the filing above)

Fields compared: total sold, total offering, remaining, investors, non-accredited investors (count), non-accredited investors reported, minimum investment, sales commissions, finder's fees, proceeds to insiders, date of first sale, industry, fund type, exemption, revenue range, net asset value range, securities offered, may last more than one year, related persons, sales-compensation recipients. Values as filed; no conclusion is drawn.

All Form D filings for this CIK on SEC EDGAR ↗. History: 0 new offerings in the last 12 months (new offering = a Form D that is not an amendment) · most recent filing Sep 24, 2026. Industry as reported, by offering: One offering, reported as Pooled Investment Fund (Aug 8, 2025).

Key people 11

Officers, directors and promoters the issuer itself named on its Form D. Tap a name for every other deal they are on.

NameRelationshipAddress stateOn filings (first → last)Also listed on
CS Craig SalmExecutive Officer, Director
Issuer's note: Executive Officer of the Sponsor of the Issuer. Member of the Board of Managers of the Sponsor of the Issuer.
CTSep 24, 2026
on 1 of 3 filings
listed on the latest filing
—
GA Grayscale Advisors, LLC entityPromoter
Issuer's note: Former Sponsor of the Issuer.
CTJan 5, 2026 → Sep 24, 2026
on 2 of 3 filings
listed on the latest filing
5 other issuers
GI Grayscale Investments Sponsors, LLC entityPromoter
Issuer's note: Sponsor of the Issuer.
CTAug 8, 2025 → Sep 24, 2026
on 3 of 3 filings
listed on the latest filing
31 other issuers
GS Grayscale Securities, LLC entityPromoter
Issuer's note: Distributor and Marketer of the Issuer.
CTJan 5, 2026 → Sep 24, 2026
on 2 of 3 filings
listed on the latest filing
33 other issuers
KM Kathryn MasciExecutive Officer, Director
Issuer's note: Executive Officer of the Sponsor of the Issuer. Member of the Board of Managers of the Sponsor of the Issuer.
CTSep 24, 2026
on 1 of 3 filings
listed on the latest filing
—
PM Peter MintzbergExecutive Officer, Director
Issuer's note: Executive Officer of the Sponsor of the Issuer. Member of the Board of Managers of the Sponsor of the Issuer.
CTAug 8, 2025 → Sep 24, 2026
on 3 of 3 filings
listed on the latest filing
33 other issuers
BS Barry Silbert
person page: Barry E. Silbert
Director
Issuer's note: Chairperson of the Board of the sole managing member of the sole member of the Sponsor of the Issuer.
CTAug 8, 2025 → Jan 5, 2026
on 2 of 3 filings
not listed on the latest filing (Sep 24, 2026)
31 other issuers
EM Edward McGeeExecutive Officer, Director
Issuer's note: Executive Officer of the Sponsor of the Issuer. Director of the sole managing member of the sole member of the Sponsor of the Issuer.
CTAug 8, 2025 → Jan 5, 2026
on 2 of 3 filings
not listed on the latest filing (Sep 24, 2026)
35 other issuers
MS Mark ShifkeDirector
Issuer's note: Director of the sole managing member of the sole member of the Sponsor of the Issuer.
CTAug 8, 2025 → Jan 5, 2026
on 2 of 3 filings
not listed on the latest filing (Sep 24, 2026)
33 other issuers
SK Simon KosterDirector
Issuer's note: Director of the sole managing member of the sole member of the Sponsor of the Issuer.
CTJan 5, 2026
on 1 of 3 filings
not listed on the latest filing (Sep 24, 2026)
25 other issuers
MK Matthew KummellDirector
Issuer's note: Director of the sole managing member of the sole member of the Sponsor of the Issuer.
CTAug 8, 2025
on 1 of 3 filings
not listed on the latest filing (Sep 24, 2026)
33 other issuers

Executive officers, directors and promoters as self-reported by the issuer, one row per person. Spellings of the same name (same first and last name, or the same full name that EDGAR split differently into middle and last name) with no conflicting middle initial are shown on one row (none on this issuer); dates and counts come from the filings that list each name. Licensed persons: FINRA BrokerCheck ↗ · SEC IAPD ↗.

Connections

Other issuers listing the same people (showing 40 of 259):

Shared address: this business address appears on filings for 37 other issuers. Stated as a count only (suite numbers ignored) — many addresses are shared office buildings or registered agents. As of Oct 23, 2026, 5:45 PM ET.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Adviser registration (Form ADV)

GRAYSCALE ADVISORS — SEC-registered investment adviser · SEC registration status as reported: “Approved” since Jan 3, 2022 · SEC file 801-122921 · Main office: STAMFORD, CT · IAPD record ↗ · Form ADV filing (PDF) ↗

Regulatory assets under management: $60,561,877 as reported on Form ADV filed Aug 5, 2026 (Item 5.F(2)(c)) · 8 accounts (Item 5.F(2)(f))

Websites listed on Form ADV (Item 1.I): www.grayscale.com/private-funds/gdif ↗

Item 11 disclosure questions as answered on Form ADV filed Aug 5, 2026: 4 of 24 answered “Yes”
  • No — Form ADV Item 11 asks: “Do any of the events below involve you or any of your supervised persons?”
  • Yes (1 disclosure reported) — Form ADV Item 11C(1) asks: “C. Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: (1) found you or any advisory affiliate to have made a false statement or omission?”
  • Yes (1 disclosure reported) — Form ADV Item 11C(2) asks: “C. (2) found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?”
  • Yes (1 disclosure reported) — Form ADV Item 11C(4) asks: “C. (4) entered an order against you or any advisory affiliate in connection with investment-related activity?”
  • Yes (1 disclosure reported) — Form ADV Item 11C(5) asks: “C. (5) imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?”
  • No — Form ADV Item 11A(1) asks: “A. In the past ten years, have you or any advisory affiliate: (1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to any felony?”
  • No — Form ADV Item 11A(2) asks: “A. (2) been charged with any felony?”
  • No — Form ADV Item 11B(1) asks: “B. In the past ten years, have you or any advisory affiliate: (1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses?”
  • No — Form ADV Item 11B(2) asks: “B. (2) been charged with a misdemeanor listed in Item 11.B(1)?”
  • No — Form ADV Item 11C(3) asks: “C. (3) found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?”
  • No — Form ADV Item 11D(1) asks: “D. Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: (1) ever found you or any advisory affiliate to have made a false statement or omission, or been dishonest, unfair, or unethical?”
  • No — Form ADV Item 11D(2) asks: “D. (2) ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?”
  • No — Form ADV Item 11D(3) asks: “D. (3) ever found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?”
  • No — Form ADV Item 11D(4) asks: “D. (4) in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?”
  • No — Form ADV Item 11D(5) asks: “D. (5) ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?”
  • No — Form ADV Item 11E(1) asks: “E. Has any self-regulatory organization or commodities exchange ever: (1) found you or any advisory affiliate to have made a false statement or omission?”
  • No — Form ADV Item 11E(2) asks: “E. (2) found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)?”
  • No — Form ADV Item 11E(3) asks: “E. (3) found you or any advisory affiliate to have been the cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?”
  • No — Form ADV Item 11E(4) asks: “E. (4) disciplined you or any advisory affiliate by expelling or suspending you or the advisory affiliate from membership, barring or suspending you or the advisory affiliate from association with other members, or otherwise restricting your or the advisory affiliate's activities?”
  • No — Form ADV Item 11F asks: “F. Has an authorization to act as an attorney, accountant, or federal contractor granted to you or any advisory affiliate ever been revoked or suspended?”
  • No — Form ADV Item 11G asks: “G. Are you or any advisory affiliate now the subject of any regulatory proceeding that could result in a "yes" answer to any part of Item 11.C., 11.D., or 11.E.?”
  • No — Form ADV Item 11H(1)(a) asks: “H. (1) Has any domestic or foreign court: (a) in the past ten years, enjoined you or any advisory affiliate in connection with any investment-related activity?”
  • No — Form ADV Item 11H(1)(b) asks: “H. (1)(b) ever found that you or any advisory affiliate were involved in a violation of investment-related statutes or regulations?”
  • No — Form ADV Item 11H(1)(c) asks: “H. (1)(c) ever dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or any advisory affiliate by a state or foreign financial regulatory authority?”
  • No — Form ADV Item 11H(2) asks: “H. (2) Are you or any advisory affiliate now the subject of any civil proceeding that could result in a "yes" answer to any part of Item 11.H(1)?”

Answers as filed by the adviser on Form ADV Part 1A, Item 11; question text quoted from the form. Details of each “Yes” are in the Disclosure Reporting Pages of the Form ADV (PDF) ↗.

Matched on management entity listed on Form D = adviser name, same state (CT) · Form ADV data: SEC Investment Adviser Information Report (SEC-registered advisers), file dated 2026-10-02, loaded Oct 23, 2026, 8:39 PM ET · IAPD record last checked Oct 23, 2026, 8:36 PM ET

Meta advertising

No Meta Pixel ids or Facebook / Instagram page links on file for Grayscale Data Network Trust (DATA) as of Oct 24, 2026 — the sponsor website is read for them once it is on file (runs automatically). Meta Ad Library: not searched by PartnerFacts (no API access); a one-tap Ad Library search is under Look further.

Public profiles

Public profiles official links and public statements, each with its source and date

No website or social profile named in Grayscale Data Network Trust (DATA)'s SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #6,125 of 374,652 in line (1,386 issuers searched so far).

Sources searched for a website: Form C data set (issuer websites as filed), Form ADV data set (Item 1.I of matched advisers) — as of Oct 23, 2026, 11:20 PM ET: none on file for this issuer. The sponsor website, the Internet Archive and GDELT news index are read only once a site is on file; a sponsor's website comes from the issuer's own filings (Form C issuer website; EDGAR company profile), an approved profile claim, Form ADV Item 1.I of its matched adviser, or a web search for the issuer name confirmed on the site's own homepage. We never collect personal or family accounts.

Entity standing: not checked (no official programmatic source for CT yet).

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