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Bittensor (TAO) price climbed above $220 in the last 24 hours after Grayscale filed for the first U.S. Bittensor ETF. That move ignited a bullish market-wide move with traders aiming at the $300 level by early January 2026. The crypto market overall rose by 1.04% in the same period, and total capitalization rose to $2.99 trillion. The weekly growth was still modest at 0.95%. Bitcoin was trading at a margin of over $88,000, with Ethereum trading at $2,900. Altcoins such as BNB, XRP, SOL, DOGE, and ADA recorded a modest increase, which positively influenced the market landscape after the ETF creation. The TAO price remains appealing to investors as the institutions grow. Grayscale Files S-1 to Launch First U.S. Bittensor ETF (GTAO) Grayscale Investments has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust. The company will turn the trust into a spot exchange-traded fund (ETF) with a ticker symbol of $GTAO. The suggested ETF will become the first American investment product to provide direct exposure to the Bittensor native token, TAO. The ETF will trade on the NYSE Arca if it is approved.  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 The underlying assets will have Coinbase Custody Trust Company and BitGo Trust Company as the custodians, as per the filing made on Tuesday. This is after Bittensor had experienced the first-ever halving that happened in mid-December. The reduction in the number of tokens issued today to the network was by half, 7,200 TAO per day…

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Filed under: News - @ December 31, 2025 6:27 am