Grayscale Files for U.S. Bittensor ETF Listing on NYSE
- Grayscale files for Bittensor ETF on NYSE.
- TAO’s market exposure may expand.
- Potential institutional interest in AI-focused assets.
Grayscale, a prominent digital asset manager, has filed with the SEC to convert its Bittensor Trust into an exchange-traded product listed on NYSE Arca, announced on December 30, 2025.
The move potentially increases institutional access to Bittensor’s TAO token, aligning with Grayscale’s ETF expansion strategy, though immediate market reactions remain speculative pending regulatory approval.
Grayscale Investments has submitted an S-1 registration statement to the U.S. SEC seeking to convert the Grayscale Bittensor Trust into an exchange-traded product (ETP) on NYSE Arca.
Involved in this action are Grayscale and digital asset under management, Coinbase Custody Trust Company, and BitGo Trust Company. The aim is to transition Bittensor’s trading exposure from over-the-counter (OTC) to a more regulated environment.
This filing may influence TAO’s market dynamics, notably with Grayscale’s intent to provide broader regulated investor access. Such a move could potentially unlock institutional capital and liquidity avenues for the token.
Financially, GTAO holds $7.9 million in assets, and the potential listing is inspired by previous successful conversions of Bitcoin and Ethereum trusts, suggesting increased liquidity and participation.
“We are pleased to take this early step to meet the growing demand for digital assets from investors and to enhance our product platform.” — Grayscale Spokesperson
Attention from institutional investors towards Bittensor may grow, mirroring trends seen in other crypto ETFs. Regulatory clarity from the SEC remains essential for Grayscale’s latest initiative.
Potential outcomes include enhanced price stability and trading volumes for TAO. Historical trends of trust conversions to ETFs, such as Bitcoin, boost liquidity, but the approval process and outcomes still depend on SEC decisions.
