Grayscale files a dossier with the SEC for a Bittensor ETF
On December 30, 2025, Grayscale marked a turning point in the crypto world by filing an S-1 form with the SEC for an ETF linked to the TAO token of Bittensor. This unprecedented initiative in the United States paves the way for institutional adoption of decentralized AI. An analysis of the stakes and outlook for the markets.
In Brief
- Grayscale filed an S-1 form with the SEC for an ETF linked to the TAO token of Bittensor.
- This product targets a listing on the NYSE Arca under the ticker GTAO, marking a first for decentralized AI.
- SEC approval of Grayscale’s Bittensor ETF could propel TAO and democratize institutional investment.
Grayscale files an S-1 form for a Bittensor ETF, a first in the United States
Grayscale has officially filed an S-1 form with the SEC to launch an ETF based on the TAO token of Bittensor, under the ticker GTAO on the NYSE Arca. This move follows the success of the Grayscale Bittensor Trust in OTC and the first Bittensor halving on December 14, 2025, reducing the daily token issuance from 7,200 to 3,600.
This filing is part of a broader strategy to democratize access to institutional crypto assets. Grayscale is betting on decentralized AI as a growth lever for the coming years, aligning its products with regulators’ expectations. With a market capitalization of 2.3 billion dollars, TAO positions itself as a key player in the AI-linked cryptocurrency ecosystem.
Decentralized AI opens to institutional investors, a revolution if the SEC approves the Bittensor ETF
SEC approval of the Bittensor ETF would mark a turning point for decentralized AI! It would then offer institutional investors regulated and secure access to TAO. This product would allow holding tokens directly, without initial staking, unless conditions evolve. Such approval could accelerate decentralized AI adoption in institutional portfolios by aligning traditional investors’ interests with those of technology innovators.
By comparison, Europe has already passed this milestone with the Bittensor ETF listed on the SIX Swiss Exchange under the ticker STAO by Deutsche Digital Assets. Building on this momentum, Grayscale could position the United States as a major player in this emerging sector. The risks and opportunities for the markets are immense, with unprecedented diversification potential for investors.
Crypto: Bittensor (TAO) at the dawn of its moment of glory?
30 minutes after Grayscale’s announcement of filing for a Bittensor ETP with the SEC, the TAO price immediately reacted, rising from 219 dollars to 222 dollars in 30 minutes! Reflecting the enthusiasm of crypto investors. If the SEC approves Grayscale’s Bittensor ETF, TAO could see a move towards 800 dollars. Especially since the token reached a peak of 767 dollars in 2024 before stabilizing around 220 dollars at the end of 2025.
Consequently, experts anticipate increased liquidity and better visibility for Bittensor, driven by growing institutional demand. This would strengthen its position in the decentralized AI ecosystem. Could TAO become the next “blue chip” in this sector, similar to Bitcoin for cryptos? Market reactions and sector stakeholder expectations will be crucial in the coming months.
Grayscale’s filing for a Bittensor ETF marks a key milestone for decentralized AI and crypto. If the SEC approves this product, institutional investors will finally have access to an innovative and disruptive asset. The question remains whether TAO can confirm its potential. And you, would you be ready to invest in decentralized AI?
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.