Grayscale has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a spot ETF tracking BitTensor (TAO), marking the latest step in the leading digital asset management company's strategy to expand its portfolio of cryptocurrency ETFs. According to circulating information in financial circles, the filing, submitted as a S-1, indicates Grayscale's desire to bring BitTensor – a blockchain project linked to decentralized artificial intelligence – closer to institutional Capital through the familiar investment channel of the traditional market.
Previously, Grayscale had continuously expanded its product portfolio from traditional trusts to ETFs, covering a wide range of digital assets. On December 3rd, Grayscale officially launched its first ETF, Chainlink , ticker symbol GLNK, on the NYSE Arca exchange.
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BitTensor, with its native Token TAO, is known as a network that allows AI models to compete and collaborate on the blockchain, thereby creating economic value based on real-world contributions of artificial intelligence. Grayscale's selection of BitTensor for its spot ETF demonstrates the growing interest of institutions in AI-driven crypto assets, which are XEM as a long-term trend in the technology industry.
