Grayscale launches TAO Trust (GTAO), first regulated institutional product for Bittensor exposure

Opentensor Foundation/Bittensor

Grayscale Investments launched the Grayscale TAO Trust (GTAO), the first U.S. regulated product offering direct exposure to Bittensor tokens. GTAO trades at a premium reflecting institutional demand; Grayscale filed an S-1 registration to convert it to a spot ETF, which would allow Authorized Participants to redeem shares for actual TAO tokens at net asset value.