Grayscale Files SEC Application for First U.S. Bittensor ETF Under GTAO Ticker

TLDR: Grayscale filed December 30, 2025 S-1 to convert Bittensor Trust into first U.S. TAO spot ETF product GTAO would provide regulated access to Bittensor’s TAO token without requiring direct crypto holdings TAO stabilized at $220 post-announcement with market cap between $2.3 billion and $3 billion currently SEC approval timeline uncertain despite pro-crypto administration amid [...]

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