The post Grayscale files form S-1 for Bittensor Trust (GTAO) ETP amid decentralized AI push appeared on BitcoinEthereumNews.com.

Grayscale, a U.S.-based crypto asset manager, has filed for a Form S-1 with the U.S. Securities and Exchange Commission today. The asset manager aims to provide regulated access to its clients to the Bittensor TAO token, pushing decentralized AI into crypto markets.  GTAO approval by the SEC would mark the first U.S.-listed ETP offering exposure to the TAO token and the first one for Grayscale. The Bittensor blockchain has recently garnered market attention as investors and developers seek exposure to AI-related projects beyond current blockchain platforms, such as Bitcoin and Ethereum.  TAO records a negative 52% YTD and 70% drop from its ATH TAO, the native token of Bittensor Trust, has a market capitalization of $2.3 billion, with an average 24-hour trading volume of $72 million, according to CoinMarketCap data. The TAO token has recorded its worst performance this year, losing more than half of its value from a high of $555 in January to roughly $220. The token saw a massive surge at its launch, marking 174437% from its all-time low of $30. The token has since lost 70% of its all-time high of $767, reached in April 2024. At the time of publication, the token was up 0.33% trading at $220.33. Today we filed the initial S-1 for Grayscale Bittensor Trust (ticker: $GTAO) with the @SECGov This milestone is the next step in converting $GTAO to an ETP, which would make it the first $TAO ETP in the U.S. and another first for Grayscale. Read the S-1:… pic.twitter.com/2qg6AgqYOg — Grayscale (@Grayscale) December 30, 2025 Meanwhile, Grayscale’s initiative to list Bittensor Trust as an ETP marks the first in the U.S., after Deutsche Digital Assets, a Germany-regulated provider of exchange-traded products (ETPs), confirmed that it would list a Bittensor ETP. For the German entity, Bittensor ETP would be listed…

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Filed under: News - @ December 30, 2025 9:23 pm