Grayscale Seeks SEC Approval for Bittensor Trust. Will TAO Hit New ATH in 2026?

Grayscale Investments is making waves in the digital asset world by filing with the US Securities and Exchange Commission (SEC) to list and trade shares of its exchange-traded product (ETP) linked to Bittensor’s native token, TAO. This move marks the transition of Grayscale’s over-the-counter TAO product to the NYSE Arca, opening doors for broader institutional and retail investor access.

How does Grayscale’s Bittensor Trust (TAO) Work?

Grayscale’s S-1 registration statement lays the foundation for the Bittensor Trust (TAO), designed to give investors exposure to Bittensor’s innovative machine-learning blockchain network. Launched more than a year ago, this product is now set to become available on public exchanges, a move that could attract significant investor interest. Learn how this ETP will function and why it’s catching attention.

Bittensor, the decentralized AI-focused network, reached a key milestone in December with its first halving event, reducing the total supply of TAO tokens to 21 million, matching Bitcoin’s supply cap. With its token price fluctuating from a high of $560 to around $220 earlier this year, the volatile price behavior of TAO is essential for understanding why investors are so keen on Grayscale’s new ETP.

SEC Review Looms: Will TAO ETP Pass the Approval Process?

Before the Grayscale Bittensor Trust (TAO) can be listed under the ticker GTAO, it must first pass the SEC’s review process. With Grayscale’s successful launches of Bitcoin and Ether ETFs, the company’s latest filing has high expectations. What does the SEC approval process look like, and how might it impact the future of cryptocurrency ETFs?

Grayscale’s 2026 IPO: Is the Digital Asset Manager Set to Become a Major Player?

Grayscale is not only established to grow the U.S. market by an enormous margin, but it is also established on the TAO listing. Grayscale is hoping to be the next successful crypto exchange to push into the market, this time with a planned initial public offering (IPO) in 2026 under the ticker GRAY. The IPO has the potential to change the digital asset investment landscape in the U.S.

How the TAO Trust and IPO Signal a New Era for Crypto Investors?

Grayscale is not just concentrating on cryptocurrency products but it is also strategically preparing to entrench itself in the wider financial market. The company can establish itself as a blockchain-based financial products pioneer with the introduction of the TAO ETP and an IPO. This is why their actions may represent a breakthrough to investors considering the convergence of crypto and AI.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.