Grayscale Pursues US Exchange Listing for Bittensor Trust

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Grayscale Investments has taken a step toward a public exchange listing for its Bittensor-focused trust. The digital asset manager has submitted a registration statement with the US Securities and Exchange Commission to list shares of its Bittensor Trust as an exchange-traded product.

The filing, made on Tuesday, represents a move to transition the existing over-the-counter TAO product to the NYSE Arca exchange. Grayscale originally introduced the TAO trust to private investors more than one year prior to this registration.

The proposed listing, under the ticker symbol GTAO, is now subject to the SEC’s review and approval process. Grayscale has previously gained regulatory clearance for several other cryptocurrency-linked investment vehicles, including spot ETFs for both Bitcoin and Ethereum.

The trust is tied to the TAO token of the Bittensor network, which recently underwent its first halving event in December. This event is part of a long-term emission schedule designed to cap the total supply at 21 million tokens. According to market data, TAO was trading at approximately $222.54 at the time of reporting.