Grayscale files for first U.S. Bittensor ETP as decentralized AI gains momentum

2025-12-30 18:34:41

Source: CryptoNewsNet Original Title: Grayscale files for first U.S. Bittensor ETP as decentralized AI gains momentum Original Link: Grayscale is aiming to give U.S. investors exposure to Bittensor’s TAO, pushing decentralized artificial intelligence further into mainstream crypto markets.

The digital asset manager filed an initial S-1 registration statement with the U.S. Securities and Exchange Commission for what would be the first U.S.-listed exchange-traded product (ETP) offering exposure to TAO.

The proposed Grayscale Bittensor Trust, expected to trade under the ticker GTAO, would hold TAO directly if approved, giving investors regulated access to one of the largest tokens associated with decentralized AI. TAO currently has a market cap of around $2.3 billion.

The firm announced the filing of the initial S-1 for Grayscale Bittensor Trust with the SEC, calling the filing the next step toward converting the trust into an ETP.

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