Catenaa, Saturday, January 03, 2026-Grayscale Investments has filed a registration statement with the US Securities and Exchange Commission to convert its Bittensor trust into a spot exchange-traded fund, following the network’s first token halving.
The filing, submitted Tuesday, seeks approval for the Grayscale Bittensor Trust to trade as a spot ETF offering direct exposure to the TAO token. If approved, the fund would become the first U.S.-listed spot ETF tied to Bittensor, a decentralized artificial intelligence-focused blockchain network.
The proposed ETF would list on NYSE Arca under the ticker GTAO, according to the filing. Coinbase Custody Trust Company and BitGo Trust Company are named as custodians for the fund’s digital assets.
Grayscale launched the Bittensor trust as a private vehicle in 2024. Earlier this month, the trust became publicly quoted, expanding access beyond private placements. The ETF filing follows a broader effort by Grayscale to transition single-asset crypto trusts into exchange-traded products as investor demand for regulated digital asset exposure grows.
Bittensor’s native token underwent its first halving in mid-December, cutting the pace of new TAO issuance. The mechanism mirrors bitcoin’s halving process, which reduces supply growth at fixed intervals.
Following the halving, TAO prices declined before stabilizing near $222, based on market data tracked by The Block.
