Grayscale has brought its Bittensor Trust to public markets under the ticker GTAO on OTCQX, making the TAO token accessible to a wider set of investors. Previously private since its August 2024 launch, the trust is Grayscale’s latest single-asset vehicle aimed at providing exposure to a decentralized, AI-focused blockchain. Grayscale operates multiple cryptocurrency investment products, including ETFs, single-asset trusts, and index funds, with a history of expanding altcoin access to public investors.
The Bittensor network is scheduled for its first halving on December 14, which will reduce the emission of TAO tokens and increase scarcity. TAO supports an AI-driven, decentralized blockchain ecosystem where participants earn tokens for contributing computing resources to subnets and applications. The network’s capped supply of 21 million TAO mirrors Bitcoin-style halving cycles, aligning incentive structures with long-term scarcity principles.
Currently limited to accredited investors, GTAO will report financial statements to the SEC, providing transparency for institutional participants. Grayscale positions Bittensor as an open ecosystem for collective intelligence, emphasizing decentralized and transparent AI development. The trust expands exposure to AI-driven blockchain infrastructure while complementing Grayscale’s growing portfolio of altcoin and digital asset investment products.
