Grayscale Files S-1 to List Bittensor TAO ETP GTAO on NYSE Arca

Overview

• Grayscale submitted an initial S-1 to the SEC to transition its Bittensor Trust into an exchange-traded product and list it on NYSE Arca under the ticker GTAO.
• If approved, GTAO would be the first U.S.-listed product offering exposure to Bittensor’s TAO token.
• The proposed vehicle would hold TAO directly to track its value, and staking is not permitted under the current terms.
• The filing comes after Bittensor’s December halving that reduces issuance as the network targets a 21 million token cap.
• Elsewhere, Deutsche Digital Assets plans a TAO ETP on Switzerland’s SIX exchange under the ticker STAO, underscoring regional differences in access.