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 ...

Core Insights - Deutsche Digital Assets is set to list the Bittensor Staked TAO ETP on the SIX Swiss Exchange, collaborating with Safello to facilitate this process [1][2] - The ETP will provide investors exposure to TAO, linked to decentralized AI, with TAO tokens held in cold storage by a regulated custodian [2] - The fund will reinvest staking rewards automatically, with a maximum fee of 1.49%, although the recent news has not positively impacted TAO's price, which is currently at $429.47, down 3.3% in the last 24 hours [3] Institutional Interest - There is growing institutional interest in Bittensor, indicating a trend among institutional investors towards decentralized networks for AI [4] - Bittensor rewards contributions to data and computing tasks, such as text translation and fraud detection, enhancing its appeal to institutional players [4] Corporate Treasury Developments - The Bittensor corporate treasury is gaining traction, with significant announcements from Nasdaq-listed companies like Synaptogenix and Oblong regarding their TAO acquisitions [5][6] - Synaptogenix announced plans to acquire $10 million worth of TAO, exceeding its market cap at the time, while Oblong intends to secure $7.5 million for purchasing TAO tokens [5][6]