U.S. Bittensor ETP Gains Ground as Decentralized AI Expands
Grayscale files for first U.S. Bittensor ETP as decentralized AI gains momentum
Grayscale has filed paperwork with U.S. regulators to launch an exchange-traded product tied to Bittensor’s TAO token, a move that would expand crypto investment options linked to decentralized artificial intelligence.
The digital asset manager submitted an initial S-1 registration statement with the U.S. Securities and Exchange Commission on Tuesday for what it says would be the first U.S.-listed ETP offering exposure to TAO.
The filing highlights Grayscale’s effort to give U.S. investors a regulated, exchange-traded way to access TAO without directly holding the token. It also signals growing interest in bringing “decentralized AI” themes into more traditional crypto market structures.
Grayscale said SEC approval of the proposed product (referred to as GTAO) would represent two firsts: the first U.S.-listed ETP tied to TAO and the first such TAO-focused product for Grayscale.
While the filing does not indicate a timeline for approval, it places Bittensor alongside a broader set of crypto assets increasingly seeking U.S. exchange-traded wrappers through the SEC registration process.
