#美国证监会与商品期货委员会深化数字资产监管协作 Grayscale submitted an S-1 application to the US SEC at the end of December last year, planning to convert the Bittensor trust into a spot ETF (ticker symbol GTAO). Once approved, this will be the first TAO-based electronic trading product in the United States. For investors, this is quite significant — finally being able to participate in Bittensor through official channels without having to tinker with private keys and mnemonics in their wallets. This also reflects the gradual openness of US regulators towards digital assets. $BTC $ETH $SOL These mainstream cryptocurrencies have already had spot ETFs in the past two years. As a representative of AI computing power layers, Bittensor's entry onto the ETF stage indicates that mainstream financial institutions are increasingly taking this track seriously.