Grayscale has filed for an ETF tracking Bittensor (TAO), signaling a push to offer institutions AI-focused crypto exposure. TAO is seeing increased on-chain and market interest as managers seek thematic AI products.
Grayscale, a Digital Currency Group subsidiary, has filed with the SEC to launch a GTAO ETF that would give U.S. investors regulated exposure to Bittensor's TAO token.
Grayscale filed an S-1 to convert its GTAO fund into what would be the market’s first Bittensor (TAO) ETF; TAO rallied above $220 after the filing, reversing intraday losses.