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Grayscale Bittensor Trust Launches Public Trading on OTCQX

Grayscale Bittensor Trust Launches Public Trading on OTCQX

Grayscale’s SEC registration for GTAO seeks to create the first U.S.-listed TAO-focused ETF, enabling regulated access to Bittensor’s AI-driven crypto network.

TAO

Summary

On December 30, 2025, Grayscale Investments filed an initial SEC registration to launch GTAO, a Bittensor-focused ETF tied to TAO tokens. If approved, it would become the first U.S.-listed exchange-traded product dedicated to TAO, offering regulated exposure for retail and institutional investors without requiring direct token custody. GTAO currently trades on OTCQX with over $10.8 million in TAO holdings, charges a 2.5% annual fee, and has 1,881,500 outstanding shares. Listing is planned for NYSE Arca, with TAO staking prohibited unless regulatory rules change.

Terms & Concepts
  • OTCQX: A premium over-the-counter market in the United States for established and investor-friendly companies.
  • Bittensor: A blockchain network focused on decentralized machine learning, using the TAO token for transactions and rewards.
  • TAO Token: The native cryptocurrency of the Bittensor network, used for rewarding contributors and facilitating transactions.