$TAO Institutional custody takes another step forward: Grayscale Bittensor Trust has added Coinbase as an additional custodian, while BitGo remains the primary custodian.
According to public disclosures, this is an expansion of the trust’s custody arrangements. It does not mean an ETF has been approved, and no details have been disclosed about how much TAO will be allocated to Coinbase. The market implications are more about infrastructure: institutional access is being put in place, but actual demand will still depend on future allocations and whether subnet products can generate sustained profits.
#Bittensor #AI #Crypto #Web3 #DePIN
According to public disclosures, this is an expansion of the trust’s custody arrangements. It does not mean an ETF has been approved, and no details have been disclosed about how much TAO will be allocated to Coinbase. The market implications are more about infrastructure: institutional access is being put in place, but actual demand will still depend on future allocations and whether subnet products can generate sustained profits.
#Bittensor #AI #Crypto #Web3 #DePIN