A filed Amendment No. 1 was filed by @Grayscale to its S-1 registration on April 2, advancing the Bittensor Trust $GTAO toward a spot ETF listing on NYSE Arca. The filing registers an indeterminate number of TAO-backed shares for continuous issuance via in-kind creation baskets of 10,000 shares. $TAO trades near $308 with a $3.3B market cap. This is the first US ETF filing specifically for a decentralized AI network token. If approved, it creates a direct on-ramp for institutional capital into AI-native crypto infrastructure. Bittensor holds 2.7M engagements in the last 24h with 84% sentiment. Trading volume at $270M, up 122% month-over-month. Mentions and creators are elevated, with NVIDIA CEO Jensen Huang's public validation of decentralized AI adding fuel.

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