Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Grayscale has filed an updated registration statement with the U.S. Securities and Exchange Commission to launch a Bittensor-based investment product, signaling a potential expansion of crypto exchange-traded funds beyond Bitcoin and Ethereum.
The proposed product, the Grayscale Bittensor Trust, is designed to hold TAO directly and track its market price. If approved, the trust is expected to convert into an ETF and list on NYSE Arca, providing institutional investors regulated exposure to the AI-linked digital asset.
The filing reflects a broader push by asset managers to package emerging crypto narratives into institutional products.
Bittensor operates as a decentralized network focused on machine learning and AI coordination, positioning TAO as one of the few tokens directly aligned with the AI narrative in crypto markets.
The trust will hold TAO tokens directly, with Coinbase serving as prime broker and custodian through its institutional custody arm. The structure is intended to provide exposure without requiring investors to manage wallets or private keys.
The filing also notes that the trust will not engage in staking, meaning investors would not earn additional yield from holding TAO within the fund.
The filing arrives as TAO has shown a strong price recovery. After falling below $200 earlier this year, the token rallied toward the $300 range, briefly testing highs near $350 before entering a consolidation phase.
Momentum indicators remain elevated, with the Relative Strength Index (RSI) hovering around 60, suggesting bullish conditions without reaching overbought levels. The rally has also been accompanied by increased trading volume, indicating sustained participation rather than a short-lived spike.
While the ETF filing is not directly tied to price action, the timing highlights how institutional product development is beginning to align with renewed interest in AI-related crypto assets.
Grayscale’s latest filing underscores a shift in how digital asset products are evolving. Instead of focusing only on large-cap assets, issuers are exploring thematic exposure to emerging crypto sectors.
The move also reflects a broader trend toward integrating crypto into traditional financial infrastructure, using regulated vehicles designed to bridge on-chain assets and institutional capital.
The ETF would still require regulatory approval before launch, and there is no guarantee the SEC will approve the product. However, the filing suggests demand for diversified crypto exposure may be expanding beyond established assets.

In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…