Grayscale Files Spot TAO ETF as Bittensor Network Rebounds from Covenant AI Exit and 38% Drawdown

TLDR: Grayscale raised TAO weighting to 43.06% in its AI fund, its largest single-asset reallocation ever made. Community miners restored SN3, SN39, and SN81 from open-source code with no central operator involvement needed. Bitwise and Grayscale both filed TAO ETF applications on April 2, with an SEC decision tracked for August 2026. Teutonic targets a [...]

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