Grayscale’s Bittensor Trust Sparks Bullish Momentum for TAO

Grayscale’s Form 10 filing boosts Bittensor’s visibility as TAO rebounds strongly from recent lows and attracts renewed investor interest.

TAO’s price recovery from 224 USDT to over 313 USDT shows strong buying momentum as Grayscale’s trust gains regulatory traction.

Market confidence in TAO grows as Grayscale’s filing shortens holding periods and moves closer to making Bittensor Trust publicly tradable.

Bittensor (TAO) has gained attention across the crypto market after Grayscale announced the filing of Form 10 for its Bittensor Trust. The filing is a step toward making the trust an SEC-reporting entity, increasing transparency and accessibility for investors.

On October 10, TAO traded at 313.9 USDT, reflecting a 5.48% daily increase. According to Jinse Finance, the Form 10 submission means Grayscale will pursue public quotation of TAO Trust shares on the over-the-counter market

Hence, the holding period for private placements will shorten from 12 months to just 6 months. This development positions the trust closer to becoming a fully regulated exchange-traded product (ETP), strengthening market confidence in TAO’s long-term potential.

TAO Price Recovers from Deep Correction

The TAO/USDT pair has shown significant volatility since March 2025. Prices started around 450 USDT but quickly entered a correction, dropping to the 200 USDT support zone. The decline reflected heavy selling pressure during early spring. However, a rebound began in late April as buyers stepped in to defend key levels.

Source: Crypto Caesar

May and June brought strong bullish momentum. TAO reached 500 USDT, forming several peaks and testing resistance multiple times. Through July and August, the market developed a higher trading range between 300 and 450 USDT, notwithstanding its inability to breach over 500 USDT. As a result, 301 USDT emerged as a critical support level that stopped further drops.

In September, selling pressure returned and pushed prices near 224.9 USDT. However, October marked a sharp reversal as buyers re-entered the market. TAO rebounded strongly toward 301 USDT, with current price action oscillating between 275 and 325 USDT. Analyst Crypto Caesar noted, “$TAO is looking very strong over here. Grayscale just filed a Form 10 for its Bittensor Trust. Bullish.”

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