Grayscale submits preliminary application for Bittensor Trust ETF to the US SEC, with the code GTAO

CoinVoice has learned that, according to Crowdfundinsider, Grayscale Investments has submitted a preliminary registration statement to the US SEC to launch an exchange-traded product focused on Bittensor. The trust code is GTAO, aimed at providing investors with direct access to Bittensor’s native token TAO through regulated channels. The submitted S-1 document marks the initial step in converting the existing Grayscale Bittensor Trust into a spot ETF. If approved, GTAO will become the first TAO-focused ETP listed in the United States, allowing retail and institutional investors to gain exposure without directly holding the underlying cryptocurrency.