Grayscale’s Bittensor Trust hits public markets days before first halving event

Grayscale's investment vehicle for the TAO token, the Grayscale Bittensor Trust (GTAO), has begun trading publicly on the OTCQX market. This makes it the first publicly quoted U.S. investment product offering exposure to TAO, which was previously only available privately since its August 2024 launch. The public listing occurs just days before the Bittensor network's first halving event on December 14th, which will reduce TAO token emissions, similar to Bitcoin's mechanism, as the network aims for a capped supply of 21 million tokens. Bittensor is an AI-focused decentralized network that rewards users with TAO for contributing computing power to its application-specific subnets. Rayhaneh Sharif-Askary of Grayscale highlighted the trust's availability as providing investors access to what they see as a fundamental shift in intelligence creation. The GTAO trust is currently limited to accredited investors and will now be required to file financial statements with the SEC.

(Source：The Block)