Grayscale applies for the first Bittensor spot ETF: Can TAO price break $300 in one month?Grayscale Investments, the world's largest digital asset management company, has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust, planning to convert it into a spot exchange-traded fund listed on NYSE Arca with the ticker symbol GTAO. This will be the first investment product in the U.S. to offer direct exposure to Bittensor's native token TAO, marking the first time the AI + crypto frontier narrative enters the traditional capital markets in the form of a mainstream compliant financial product.
Buoyed by this news, the TAO price surged above $223 within 24 hours, and the market is now buzzing about whether it can leverage this momentum to challenge the $300 mark by January 2026. The application coincides with the Bittensor network's first "halving" in mid-December, reducing the daily issuance from 7,200 TAO to 3,600 TAO. The contraction on the supply side, combined with potential demand driven by the influx of large funds from the ETF, creates a resonance that adds a new dimension to TAO's long-term value narrative.
MarketWhisper·2025-12-31 06:51