Grayscale Seeks SEC Approval for First U.S. Bittensor ETF Under GTAO
Grayscale has submitted a filing with the U.S. Securities and Exchange Commission seeking approval for a GTAO-structured ETF that would track the value of Bittensor's native TAO token. The proposal aims to provide both retail and institutional investors an ETF-style vehicle to access a token used in decentralized AI networks, leveraging Grayscale’s established ETF framework.
If approved, the product could widen institutional participation in AI-native crypto projects, increase liquidity for TAO and simplify on-ramp options for mainstream investors. The filing highlights the sector’s maturation but also brings regulatory questions about custody, index methodology and market protections that the SEC is likely to scrutinize—factors that will influence adoption and price dynamics if the ETF moves forward.