Grayscale seeks US exchange listing for Bittensor TAO trust

Grayscale Investments has taken steps toward listing a TAO-linked product on a US exchange.

The asset manager filed an S-1 registration statement with the US Securities and Exchange Commission.

The filing covers shares of the Grayscale Bittensor Trust.

The proposed product is tied to Bittensor’s native token, TAO.

The move signals Grayscale’s intent to transition the trust from over-the-counter trading.

Grayscale is seeking approval to list the product on NYSE Arca.

The shares would trade under the ticker symbol GTAO if approved.

The filing comes more than a year after Grayscale launched the TAO trust.

Regulatory approval is required before the product can begin trading.

Grayscale has previously received SEC approval for other crypto-linked exchange products.

Approved offerings include products tied to Bitcoin and Ether.

The proposed TAO product would be among the first of its kind in US markets.

Bittensor is a decentralised open-source network focused on machine learning and AI services.

The project originally launched in 2021 under the name Kusanagi.

Bittensor completed its first halving event in December.