Grayscale’s Bold Move: The First U.S. ETF for Bittensor’s TAO Token is Here!

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Hold on to your wallets, folks! Grayscale is gearing up to launch the first-ever U.S. spot ETF that’ll give you direct exposure to Bittensor’s TAO token. 🎉💰

Grayscale Investments is strutting into the crypto markets like it owns the place, aiming for a shiny new AI-themed exchange-traded fund. They’ve officially filed the paperwork to snag approval for a Bittensor-based product right here in the good ol’ U.S. of A.! This audacious move comes hot on the heels of TAO’s first network halving-because nothing says “invest in me” like a little supply shock! 📉💥

Grayscale Paves the Way for Bittensor ETF After TAO Halving

On December 30, 2025, Grayscale submitted its Form S-1 registration statement to the US Securities and Exchange Commission. 🎊 This filing aims to transform its existing Grayscale Bittensor Trust into a spot ETF. And guess what? It’ll be the very first ETF in the U.S. that lets investors dive directly into Bittensor’s native token, TAO. Grab your popcorn, because this is about to get interesting! 🍿

Today we filed the initial S-1 for Grayscale Bittensor Trust (ticker: 🧐) with the

This milestone is the next step in converting to an ETP, which would make it the first ETP in the U.S. and another first for Grayscale.

Read the S-1:…

– Grayscale (@Grayscale)

Previously, the Grayscale Bittensor Trust was quietly operating as a private club since 2024, but now it’s gone public, letting more investors crash the party! 🎉 They’re angling for a listing on the NYSE Arca under the ticker symbol GTAO. Institutional participation? Yes, please! 🙌

Related Reading: Chainlink News: Grayscale Launches Chainlink Trust ETF $GLNK With Zero Fees| Live Bitcoin News

Grayscale claims this filing reflects a rising demand for diversification in the digital asset world. A spokesperson said they’re all about giving investors more tools. Meanwhile, they’re hustling to roll out products that match the ever-changing whims of the crypto market. Gotta keep up with the Joneses, right? 😂🔧

The timing of this filing couldn’t be better, coming just after Bittensor’s first halving event on December 14. The number of daily TAO tokens issued went from 7,200 to 3,600. If history teaches us anything, it’s that price action can get wild when supply tightens. Buckle up! 🚀📈

TAO is the superstar of Bittensor, a decentralized AI-focused blockchain network. This protocol rewards users who lend their computing power and machine learning resources. In return, they get TAO tokens, helping everyone work together to develop AI. It’s a big brain collaboration! 🤖🧠

Custody, Structure, and Regulatory Details Emerge

According to the filing, the proposed ETF will hold TAO directly, including tokens generated through staking activities. Grayscale is planning to incorporate staking into the trust structure. So not only are they aiming for a yield boost, but they also want to keep investors’ spot exposure intact. Smart move! 🤑💡

Coinbase will play the role of prime broker, while Coinbase Custody Trust Company steps up as the primary custodian. And let’s not forget BitGo Trust Company as the secondary custodian. Bank of New York Mellon is the one wearing the transfer agent hat for this fund. Talk about a star-studded lineup! 🌟

And here’s the scoop: NYSE Arca has given the thumbs up for in-kind creations and redemptions for the trust. This means authorized participants can trade TAO directly for ETF shares. That mechanism isn’t going anywhere once they convert to an ETF. Let the trading games begin! 🎮💸

As of December 29, 2025, TAO is sitting pretty at around $219.88, with a market cap exceeding $2.11 billion. Prices dipped after the halving, but hey, they seem to have found their footing again. Just like a cat, always landing on their feet! 🐱💪

Bittensor’s structure is a bit different from your typical crypto networks; it governs a decentralized AI infrastructure. Regulators are probably scratching their heads, wondering how to classify and oversee this beast. The SEC review process will definitely be one to watch, as they scrutinize both the crypto and AI sectors. Grab your popcorn again, folks! 🍿👀

Overall, Grayscale’s filing is a clear signal that institutions are getting more curious about AI-driven blockchain assets. If this ETF gets the green light, it could pave the way for a regulated avenue for investors to dip their toes into decentralized machine learning networks. Exciting times ahead! 🎉🚀

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2025-12-30 22:14