Bittensor Jumps 10% After Grayscale Officially Unveils TAO Trust

Bittensor (TAO) experienced a nearly 10% surge, climbing above $290, following the official unveiling of the Grayscale Bittensor Trust (GTAO). This new trust provides investors with regulated exposure to TAO through a traditional security structure traded over-the-counter under the ticker GTAO, eliminating the need for direct custody.

The rally reflects growing institutional interest in AI-linked crypto assets, especially following Bittensor's recent halving event in mid-December, which cut daily TAO emissions by about 50%, tightening supply dynamics similar to Bitcoin's scarcity model.

Furthermore, Grayscale has filed paperwork to convert the GTAO Trust into a spot ETF, signaling a broader strategy to expand regulated crypto offerings beyond Bitcoin and Ethereum, strengthening the narrative around TAO's institutional accessibility.

(Source：BeInCrypto)