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Grayscale Files With SEC for Spot ETF Tracking BitTensor (TAO)

Grayscale Files With SEC for Spot ETF Tracking BitTensor (TAO)

Grayscale’s December 30, 2025 SEC filing seeks to convert its Bittensor Trust into GTAO, potentially the first regulated U.S. ETF providing direct exposure to TAO.

TAO

Summary

Grayscale Investments filed an S-1 registration with the SEC on December 30, 2025 to launch GTAO, a spot ETF tracking Bittensor’s TAO token. The filing initiates converting the current Grayscale Bittensor Trust into a regulated exchange-traded product, positioning it as potentially the first TAO-focused ETP in the U.S.

Terms & Concepts
  • BitTensor (TAO): A blockchain network focused on decentralized machine learning, with TAO as its native token.
  • Exchange-Traded Fund (ETF): A pooled investment vehicle traded on stock exchanges that provides exposure to underlying assets such as stocks, commodities, or cryptocurrencies.