Grayscale Submits ETF Application for Bittensor, Ticker Code GTAO

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Grayscale has submitted an ETF application to the U.S. SEC for a Bittensor-focused product, codenamed GTAO. The S-1 filing, dated December 30, 2025, aims to convert the existing Grayscale Bittensor Trust into a spot ETF. The product would enable investors to gain exposure to TAO tokens through a regulated investment vehicle. While Bitcoin ETF news has dominated the markets recently, this move indicates another asset class is gaining institutional interest. The filing does not specifically mention Bitcoin but is consistent with broader ETF industry trends.

PANews January 2, 2025 — According to a report by Crowdfundinsider, Grayscale Investments has filed a preliminary registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a trading product focused on Bittensor. The trust, which will be listed under the ticker GTAO, aims to provide investors with a regulated channel to directly invest in TAO, the native token of Bittensor. The S-1 filing submitted on December 30, 2025, marks the initial phase of converting the existing Grayscale Bittensor Trust into a spot ETF. If approved, GTAO will become the first TAO-focused ETP listed in the United States, offering both retail and institutional investors an investment opportunity without the need to directly hold the underlying cryptocurrency tokens.

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