Grayscale Files for First U.S. Bittensor ETP

Grayscale Investments filed for the first U.S.-listed Bittensor ETP on December 30, 2025, aiming to list on NYSE Arca pending SEC approval.

The filing signifies potential growth in decentralized AI and institutional access to Bittensor, paralleling Bitcoin  BTC +0.12% and Ether’s market integration.

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Grayscale’s U.S. Bittensor ETP Ambitions

Grayscale Investments has filed an S-1 registration with the SEC to list the first U.S. Bittensor ETP. This action follows Grayscale’s earlier regulatory efforts and aligns with Bittensor’s recent halving event, setting a 21 million token supply cap.

The filing includes Grayscale’s Bittensor Trust (GTAO), aiming to offer direct exposure to the TAO token. The company seeks a listing on NYSE Arca, marking a new regulated entry point for decentralized AI.

Anticipated Impact on the Market

The immediate effects include anticipated improved liquidity and institutional access to TAO. Grayscale’s previous successes with Bitcoin and Ethereum  ETH +0.14% ETPs suggest potential expansion of similar opportunities in decentralized AI markets. Financially, Grayscale’s move could unlock greater institutional interest in Bittensor. Politically, the pending SEC decision may influence U.S. regulations on decentralized technology. Socially, interest in AI model collaboration may grow.

“This filing highlights the explosive growth of decentralized AI, with his firm leading regulated entry points.” – Barry Silbert, Chairman of Grayscale Investments

Grayscale anticipates significant institutional inflows if approved. Past ETP conversions for BTC and ETH showed similar impacts. The SEC decision remains pivotal for broader U.S. crypto legislation, potentially affecting future AI-focused financial products.

Future Outlook for Decentralized AI in Finance

Insights indicate possible technological integration of decentralized AI in mainstream finance. Historical successes strengthen predictions of increased adoption of Bittensor technology. Liquidity and mainstream access are expected to enhance market perception significantly.

Industry analysts observed that “Grayscale’s pursuit of a Bittensor ETP could set a precedent for further institutional engagement with decentralized AI assets.”