bittensor

Digital asset manager Grayscale has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for the first exchange-traded fund (ETF) focused on Bittensor (TAO). The company aims to convert its existing GTAO trust into an ETF, granting investors direct access to this artificial intelligence-powered cryptocurrency. Following the announcement, the price of TAO climbed above $220, erasing earlier intraday losses.

ETF to Offer Direct Exposure to TAO
According to the SEC filing, Grayscale plans to launch an ETF that would provide 100% spot exposure to the TAO token — allowing investors to hold the asset directly. The fund is expected to be listed on the NYSE Arca under the ticker symbol “GTAO.” It will also include rewards earned from staking, as Grayscale plans to implement staking strategies for TAO within the fund.

Filing Follows Bittensor's First Halving
This move comes shortly after Bittensor’s first network halving, which took place on December 14. The halving reduced daily token issuance from 7,200 to 3,600 TAO. With a lower token supply entering the market, many anticipate upward pressure on the price of this leading AI-related cryptocurrency.

Technical Infrastructure of the ETF
Bank of New York Mellon will serve as the transfer agent for the ETF. Coinbase has been designated as the primary broker, and BitGo will act as one of the main custodians. Grayscale also noted that NYSE Arca has received the necessary regulatory approvals to facilitate non-cash creations and redemptions of shares in exchange for TAO tokens.

The Trust Is Already Trading on OTCQX
Prior to this ETF filing, the Grayscale Bittensor Trust began trading on the OTCQX under the symbol GTAO, following the effectiveness of a Form 10 submitted to the SEC. As a reporting entity, the trust benefits from a reduced holding period of six months, which may further accelerate adoption once the ETF is officially approved.

Expanding Crypto ETF Offerings
Grayscale already manages a number of crypto ETFs that provide exposure to major digital assets such as Bitcoin, Ethereum, XRP, Dogecoin, Solana, and Chainlink. The firm has also recently updated filings for additional tokens, including Avalanche, which are expected to launch soon.
Following the news about the ETF filing, the price of TAO rose sharply and is currently trading around $222 — a notable recovery from the intraday low of approximately $217. The market’s reaction suggests strong investor optimism and growing institutional interest in the TAO token.

#TAO , #bittensor , #etf , #CryptoNews , #Grayscale

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​Nous pénétrons dans les courants d’air glacés de la onzième Maison. Ici, l’émotion s'efface devant la logique pure et la maîtrise du savoir. ♒💎
​♒ MAISON XI : Le Chevalier du Verseau - Le Maître du Zéro Absolu $TAO
​▪️Rôle : Le gardien des glaces éternelles. Son cosmos ne cherche pas à détruire par la force, mais à stopper tout mouvement par la connaissance absolue. ❄️🛡️
​▪️Lien : Bittensor ($TAO). Comme le Zéro Absolu, l'Intelligence Artificielle de $TAO représente la perfection mathématique et la décentralisation du savoir. Une technologie froide, implacable et révolutionnaire.
​▪️Cosmos : La puissance de l'IA réside dans sa capacité à traiter l'infini. $TAO est le glacier sur lequel se construit le futur, une architecture de connaissance que rien ne peut ébranler. 🧠🧊
​"Dans le froid absolu, seule la vérité demeure." Pour les habitants de la Citadelle, $TAO est le pilier de l'intelligence collective de demain. 🌌⚖️
Ceci est un article écrit pour divertir.
​#TAO #bittensor #ArtificialIntelligence #crypto

$TAO trades at $220.30.
What's Happening:
TAO down 4.3% to $220.30.Halving event reduced emissions, but price hasn't reacted bullishly yet.Institutional products (Grayscale) provide long-term validation.
Why It Matters:
Halvings are narrative events, but supply shocks are lagging indicators. The reduction in daily sell pressure takes months to be felt. Patience is the edge here.
Technical View:
$220.30 is challenging $200 Support. A clean break opens door to $180. Support at $200. Trend is Bearish.
🎯 Key Levels:
Support: $200.00 | Resistance: $250.0024h Range: $215.00 - $230.00
💡 "Decentralized intelligence is the commodity of the future."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Bittensor #TAO #AI #DePIN #CryptoInvesting
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.