Core Insights - Grayscale Investments has identified Bittensor (CRYPTO: TAO) as a token that aligns with Nvidia CEO Jensen Huang's vision of utilizing excess energy for AI model transformation [1][2][3] Group 1: Bittensor and Its Functionality - Bittensor is a decentralized, blockchain-based machine-learning network that allows for the sharing, training, and ranking of AI models [3][4] - The protocol incentivizes participation and contribution by rewarding users with TAO tokens [4] Group 2: Grayscale's Involvement - Grayscale operates the Grayscale Bittensor Trust (OTCQX:GTAO) in over-the-counter markets and has filed an S-1 with the SEC to convert this trust into a spot exchange-traded fund [4] Group 3: Market Performance - As of the latest data, TAO is priced at $274.33, reflecting a 2.66% decrease over the past 24 hours and a significant 42% decline over the past year [5]

Grayscale filed with the US Securities and Exchange Commission (SEC) to list an exchange-traded product (ETP) for Bittensor’s TAO token on NYSE Arca under the ticker GTAO. TAO traded around $222 at the time of the filing, after a strong year of AI‑crypto interest and Bittensor’s first halving. This move drops AI‑crypto directly into the regulated Wall Street conversation, not just crypto Twitter. What Exactly Did Grayscale File, and Why Should Beginners Care? An ETP is a traditional stock‑market produc ...

Core Insights - Grayscale has submitted a Form S-1 registration statement to the U.S. SEC for the Grayscale Bittensor Trust (TAO), which will be renamed to Grayscale Bittensor Trust ETF upon registration effectiveness and listing on NYSE Arca [1] Company Developments - The sole asset of the trust will be the native token TAO of the Bittensor Network [1] Market Signals - A MACD golden cross signal has formed, indicating positive momentum for certain stocks [1]

来源：市场资讯 （来源：吴说） 吴说获悉，Grayscale 已向 U.S. SEC 提交 Grayscale Bittensor Trust（TAO）的 Form S-1 注册声明，拟在 注册生效并于 NYSE Arca 上市后将产品更名为 Grayscale Bittensor Trust ETF；该信托的唯一资产为 Bittensor Network 的原生代币 TAO。 ...

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 ...

Grayscale is looking to offer the first TAO ETF — Source: CoinGape Grayscale has filed an S-1 with the SEC to convert its GTAO fund into the first Bittensor ETF. The crypto ETF issuer seeks to list the fund on the NYSE Arca under the ticker 'GTAO.' TAO price has climbed above $220 on the back of this filing. Crypto ETF issuer Grayscale is seeking to convert its GTAO fund into the first Bittensor ETF, a move that will further widen its crypto ETF offerings. The TAO price has climbed above $220 on t ...

The TAO App Campaign wraps up tomorrowThere’s still time! Buy or deposit US$50+ of $TAO to qualify for a US$10 $ETH reward 💠Only the top 2,000 users ranked by their TAO Net Gains will win 🏆Details and T&Cs 👇https://t.co/AHvGoVBgET@bittensor @taostats https://t.co/kvSYjw7TZI ...

Core Viewpoint - Bitcoin is being adopted by Wall Street, which contrasts with its original ethos, while Bittensor aims to decentralize AI services, positioning itself as a potential next-generation Bitcoin for the AI age despite a significant decline in value [1][2]. Group 1: Bittensor's Position in the Market - Bittensor recently completed a reward halving on December 15, reducing its supply of minted coins, which is a common narrative in the cryptocurrency space [2]. - The cryptocurrency market has seen many projects claiming to be "the next Bitcoin," but Bittensor may hold real long-term value despite facing challenges typical of ambitious crypto projects [2]. Group 2: Comparison with Bitcoin - The narrative surrounding Bittensor mirrors that of Bitcoin, where new networks challenge established incumbents, suggesting a potential shift in the current order [3]. - The phrase "long Bitcoin, short the banks" has been popular among influencers, although Bitcoin is now integrated into Wall Street banks and publicly traded stocks [3]. Group 3: Concerns About Centralization - There are growing concerns regarding the dominance of AI companies like OpenAI and Anthropic, which some view as too powerful and potentially threatening [4]. - Bittensor's goal is to decentralize AI workloads, moving away from traditional proof-of-work models to focus on real-use AI applications [5]. Group 4: Technological Mechanism - Bittensor utilizes a mechanism similar to Bitcoin's, coordinating a global network of hardware to secure a ledger, but redirects computational power towards training and running AI models [6]. - Yuma, a major backer of Bittensor, emphasizes the direct benefits of this approach in today's world, highlighting the potential for practical applications in AI [6].

Core Insights - Oracle Corporation reported disappointing quarterly results with a revenue of $16.1 billion, falling short of the estimated $16.21 billion [3] - The company's shares dropped nearly 14% to $192.12 following the earnings report, raising concerns about a potential bubble in AI infrastructure [4] - The decline in Oracle's stock also negatively impacted cryptocurrencies linked to decentralized AI projects [1][5] Financial Performance - Oracle's revenue for the three months ending in November was $16.1 billion, which was lower than market expectations [3] - The company had previously raised $18 billion in a significant debt issuance and entered a $300 billion deal with OpenAI [3] Market Reaction - Following the earnings report, Oracle's shares fell nearly 14%, indicating investor disappointment and anxiety regarding AI investments [4] - The weak performance in Oracle's cloud sales is expected to have broader implications for the AI sector [4] Cryptocurrency Impact - Decentralized AI tokens experienced a decline in value after Oracle's disappointing results, reflecting the interconnectedness of traditional tech stocks and crypto markets [5] - Specific AI tokens such as TAO, NEAR, ICP, FIL, and RENDER saw significant drops in their trading values, with declines ranging from 3.89% to 8.5% [6][7]

GTAO Becomes the First Publicly Quoted U.S. Investment Product Offering Exposure to TAO Token as the Network Prepares to Undergo Its First Halving EventSTAMFORD, Conn., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Grayscale, the world's largest digital asset-focused investment platform*, today announced Grayscale® Bittensor Trust (the “Trust”) has begun trading on OTCQX®, a premier secondary U.S. market operated by OTC Markets Group Inc, under the ticker GTAO. The firm also announced that GTAO is now SEC reporting. Bi ...