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Grayscale increased its allocation to Bittensor’s TAO within its AI-focused crypto portfolio, raising the token’s weight from 31.35% to 43.06% in its latest rebalance. The change stands out because the fund’s overall composition otherwise remained the same.
Grayscale’s rebalance increased TAO’s share to 43.06% from 31.35%. No other assets were added or removed.
Other portfolio weights shifted as follows:
AMBCrypto previously reported that Grayscale filed an updated registration statement with the U.S. Securities and Exchange Commission for a Bittensor-based investment product. The proposed Grayscale Bittensor Trust would hold TAO directly and track its market price, with plans to convert into an ETF and list on NYSE Arca if approved.
TAO is currently valued at around $6.2 billion, supported by the network expanding to 128 subnets. Subnets are described as independent AI-focused networks built within the Bittensor framework.
The article also cited activity from Targon Compute, one of Bittensor’s subnets, which reportedly generated $105,000 in revenue over the past week—an annualized run rate of roughly $5.5 million. The piece noted this against a relatively modest valuation of about $82 million FDV.
At the time of writing, TAO was trading at $321.74, up 3.70% on the day after reaching a high of $329.95. The uptrend from mid-March remains intact, though the article said there was consolidation just below the $330–$360 resistance zone.
On technical indicators, the RSI was described as bullish but not overheated. The MACD was characterized as weak, with the signal line ahead of the MACD line and the histogram turning negative.

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