Grayscale Investment Company recently submitted a preliminary registration statement to the U.S. Securities and Exchange Commission, a move that directly targets a new goal—launching an ETF product based on the Bittensor ecosystem.

According to the filing, this trust will use GTAO as its trading symbol, which sounds like it aims to create a new market channel. What is the true significance? Through this regulated and compliant financial instrument, ordinary investors can gain easier access to TAO token exposure without having to bypass various technical barriers and tinker with exchanges.

Grayscale's move indicates that the Bittensor ecosystem is gaining attention from mainstream financial institutions. From Bitcoin ETFs and Ethereum ETFs to the current Bittensor ETF, this path is gradually unfolding. Once this product is officially approved and launched, it will be a key market recognition for the entire Bittensor network.