Grayscale has submitted an S-1 registration statement for the Bittensor Trust (TAO) to the U.S. SEC, planning to list and trade on NYSE Arca under the name Bittensor Trust ETF once approved. The asset composition of this trust product is straightforward—it's the native token TAO of the Bittensor Network. What does this mean? Grayscale is expanding its crypto asset trust ecosystem, providing investors with a compliant TAO exposure solution, while also reflecting mainstream financial institutions' recognition of the value of the Bittensor ecosystem.