Grayscale Investment Company recently submitted a preliminary registration statement to the U.S. Securities and Exchange Commission, planning to launch an exchange-traded fund focused on Bittensor. This new fund will use the trading code GTAO, providing institutional and individual investors with direct exposure to the TAO token.

From a product design perspective, this is Grayscale converting its existing Bittensor trust into a more convenient trading format. The registration application was officially submitted to the SEC on December 30, 2025. Through such regulated instruments, investors can gain exposure to TAO within a compliant framework, reflecting the growing interest of traditional asset management firms in distributed AI network tokens.

For the TAO ecosystem, the launch of such institutional-grade products typically signifies increased attention from mainstream capital. Bittensor, as a decentralized AI computing network, has gained considerable attention in the Web3 space in recent years, and the participation of asset management giants like Grayscale will undoubtedly boost its market recognition.