Grayscale has opened its Bittensor Trust to public trading just days before the Bittensor network enters its first halving event. The investment product, listed under the ticker GTAO on the OTCQX marketplace, is now the first publicly quoted option in the United States that gives investors exposure to TAO, the network’s native token.
The trust launched privately in August 2024. By moving to public quotation, Grayscale has widened access to an asset that was previously limited to select investors. The firm, a subsidiary of Digital Currency Group, already manages a large lineup of crypto-focused products, including some of the biggest Bitcoin and Ethereum exchange-traded funds. It has also pushed single-asset altcoin products into the ETF category, most recently with its Chainlink fund.
Grayscale’s catalog includes both public and private vehicles tracking assets such as Avalanche, Zcash, Basic Attention Token, NEAR, and SUI. With dozens of products now available, the company continues to position itself as one of the leading gateways for traditional investors looking to step into digital assets.
TAO powers Bittensor, a decentralized network that rewards users for contributing computing power to AI-focused subnets. The system operates as a hub-and-spoke blockchain that lets developers build specialized AI applications. Like Bitcoin, Bittensor limits its supply to 21 million tokens and cuts new emissions roughly every four years. The next halving, scheduled for December 14, is expected to slow token issuance and increase scarcity.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said the trust’s public listing gives investors a chance to participate in what the company sees as a shift in how intelligence is created and shared. She described Bittensor as an open ecosystem where collective AI development can grow in a transparent and decentralized way.
Although GTAO now trades publicly, it remains open only to accredited investors. The trust will begin filing regular reports and financial statements with the US Securities and Exchange Commission, offering more visibility into its operations.
