Grayscale files for first U.S. Bittensor ETP as decentralized AI gains momentum

Grayscale is aiming to give U.S. investors exposure to Bittensor’s TAO, pushing decentralized artificial intelligence further into mainstream crypto markets. The digital asset manager filed an initial S-1 registration statement with the U.S. Securities and Exchange Commission on Tuesday for what would be the first U.S.-listed exchange-traded product (ETP) offering exposure to TAO. The proposed Grayscale Bittensor Trust, expected to trade under the ticker GTAO, would hold TAO directly if approved, giving ...