Grayscale Files U.S. Bittensor ETP Amid AI Momentum
Grayscale files for first U.S. Bittensor ETP as decentralized AI gains momentum
Grayscale has moved to expand crypto investment access tied to decentralized artificial intelligence by filing for a new exchange-traded product focused on Bittensor’s TAO token.
The digital asset manager filed an initial S-1 registration statement with the U.S. Securities and Exchange Commission on Tuesday for what it described as the first U.S.-listed exchange-traded product (ETP) designed to provide exposure to TAO.
The proposed product, referred to as GTAO, would represent a new type of listed wrapper for U.S. investors seeking regulated exposure to a token associated with decentralized AI infrastructure. Grayscale positioned the filing as part of a broader effort to bring decentralized AI themes further into mainstream crypto markets.
If approved, GTAO would be the first U.S.-listed ETP offering exposure to the TAO token. It would also be Grayscale’s first TAO-focused ETP.
The filing underscores how asset managers are increasingly looking beyond bitcoin and ether to structure products around emerging crypto sectors, including decentralized AI, while relying on the SEC registration process for potential U.S. listings.
