Grayscale Files for First U.S. Bittensor (TAO) ETP as AI Crypto Gains Momentum

Grayscale Investments, a leading digital currency asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever Bittensor Exchange-Traded Product (ETP) in the United States. This landmark filing highlights the growing institutional interest in the decentralized artificial intelligence (AI) sector. Bittensor (TAO) is a pioneering blockchain network designed to create a decentralized marketplace for machine intelligence, where AI models collaborate and are rewarded with TAO tokens. The move by Grayscale signals a significant validation of the AI crypto narrative, as traditional finance seeks exposure to the rapidly evolving intersection of blockchain and artificial intelligence. Analysts view this development as a major step towards mainstream adoption for decentralized AI projects, potentially increasing liquidity and visibility for the TAO token and similar assets.