grayscale

As 2025 draws to a close, investor attention is converging around two big questions: how quickly Washington will deliver a comprehensive regulatory framework for digital assets, and whether advances in quantum computing pose an imminent threat to blockchain security, crypto asset manager Grayscale said in a Monday report.
In Grayscale’s view, one of these debates is likely to reshape markets in the near term, while the other may prove more of a distraction than a driver.
While negotiations remain over key details, the analysts said the broad direction is clear: Lawmakers are moving toward a traditional financial-market rulebook for crypto, covering registration and disclosure requirements, clearer classifications of digital assets and guardrails for insiders.

Regulated financial services firms may become more comfortable holding digital assets on their balance sheets, while increased legal clarity could encourage institutions to transact directly on blockchains. The report argued that such developments would mark the early stages of a more institutional era for crypto markets.
A more complete and harmonized regulatory framework in the U.S., and potentially across other major economies, could have practical consequences for adoption.
Regulated financial services firms may become more comfortable holding digital assets on their balance sheets, while increased legal clarity could encourage institutions to transact directly on blockchains. The report argued that such developments would mark the early stages of a more institutional era for crypto markets.
In contrast, the analysts see concerns about quantum computing as a legitimate but overstated theme heading into 2026.
The firm expects the topic to generate headlines and debate, but says it is unlikely to materially influence asset prices in the near term. Grayscale acknowledged that, in theory, sufficiently powerful quantum computers could undermine today’s cryptographic standards by deriving private keys from public ones, potentially enabling fraudulent transactions.
Over the long run, Grayscale says most blockchains, including Bitcoin, along with much of the broader digital economy, will need to upgrade to post-quantum cryptography. However, the firm believes those risks remain distant for now. While markets may eventually assess blockchains based on how prepared they are to address the quantum challenge, this will not meaningfully affect valuations next year.

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closer to everyday investors. The company has filed an initial S 1 registration with the United States regulator for a new product linked to the TAO token. This move shows how fast the link between crypto and artificial intelligence is growing.
The proposed product is called the Grayscale Bittensor Trust. If approved it will trade under the ticker GTAO. The goal is simple. It aims to give investors regulated access to TAO without needing to hold the token directly. This kind of structure is often seen as safer and easier for people who want exposure through traditional markets.
TAO is the main token of the Bittensor network. This network focuses on decentralized artificial intelligence. It allows people from around the world to share models data and computing power. Those who help the network are rewarded with TAO. This system tries to build open AI in a fair and global way.
Grayscale said the filing is an early step toward turning the trust into a listed product. The company believes interest in decentralized AI is rising quickly. Many investors are now looking beyond simple payment coins and smart contract platforms. They want exposure to new ideas that connect technology and real world use.
The chairman of Grayscale also shared his view on the move. He said decentralized AI is developing very fast and that the firm wants to lead in giving access to this space. His message shows confidence that AI focused crypto assets may play a bigger role in the future.
If approved this trust would be the first of its kind in the United States focused on TAO. This highlights how asset managers are working to bring new crypto themes into regulated products. It also shows growing interest from larger investors who prefer clear rules and familiar structures.
Bittensor has gained attention because it offers something different. Instead of one company controlling AI development the network spreads work and rewards across many users. This idea fits well with the broader crypto vision of openness and shared ownership.
There is no guarantee that approval will be granted. Still the filing itself is important. It signals that decentralized AI is no longer a small niche. It is becoming part of the wider crypto story.
Overall this move by Grayscale shows how the market is changing. Crypto is not just about coins and trading anymore. It is also about new tools new networks and new ways to build technology together.
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Grayscale has filed an S-1 registration statement with the U.S. SEC to convert its Bittensor Trust into an ETF.
If approved, it would become the first #TAO ETP in the United States. The trust aims to track the value of TAO and plans to be listed on the New York Stock Exchange.
#Grayscale #ETF #Bittensor

Digital asset manager Grayscale has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for the first exchange-traded fund (ETF) focused on Bittensor (TAO). The company aims to convert its existing GTAO trust into an ETF, granting investors direct access to this artificial intelligence-powered cryptocurrency. Following the announcement, the price of TAO climbed above $220, erasing earlier intraday losses.

ETF to Offer Direct Exposure to TAO
According to the SEC filing, Grayscale plans to launch an ETF that would provide 100% spot exposure to the TAO token — allowing investors to hold the asset directly. The fund is expected to be listed on the NYSE Arca under the ticker symbol “GTAO.” It will also include rewards earned from staking, as Grayscale plans to implement staking strategies for TAO within the fund.

Filing Follows Bittensor's First Halving
This move comes shortly after Bittensor’s first network halving, which took place on December 14. The halving reduced daily token issuance from 7,200 to 3,600 TAO. With a lower token supply entering the market, many anticipate upward pressure on the price of this leading AI-related cryptocurrency.

Technical Infrastructure of the ETF
Bank of New York Mellon will serve as the transfer agent for the ETF. Coinbase has been designated as the primary broker, and BitGo will act as one of the main custodians. Grayscale also noted that NYSE Arca has received the necessary regulatory approvals to facilitate non-cash creations and redemptions of shares in exchange for TAO tokens.

The Trust Is Already Trading on OTCQX
Prior to this ETF filing, the Grayscale Bittensor Trust began trading on the OTCQX under the symbol GTAO, following the effectiveness of a Form 10 submitted to the SEC. As a reporting entity, the trust benefits from a reduced holding period of six months, which may further accelerate adoption once the ETF is officially approved.

Expanding Crypto ETF Offerings
Grayscale already manages a number of crypto ETFs that provide exposure to major digital assets such as Bitcoin, Ethereum, XRP, Dogecoin, Solana, and Chainlink. The firm has also recently updated filings for additional tokens, including Avalanche, which are expected to launch soon.
Following the news about the ETF filing, the price of TAO rose sharply and is currently trading around $222 — a notable recovery from the intraday low of approximately $217. The market’s reaction suggests strong investor optimism and growing institutional interest in the TAO token.

#TAO , #bittensor , #etf , #CryptoNews , #Grayscale

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Grayscale has filed an initial S-1 registration with the SEC for the first U.S.-listed ETP offering exposure to Bittensor's TAO token.The proposed Grayscale Bittensor Trust will be trading under the ticker GTAO, and aims to provide regulated access to decentralized AI tokens.The filing highlights the rapid evolution of decentralized AI and growing institutional interest in AI-related crypto assets.
Grayscale is aiming to give U.S. investors exposure to Bittensor’s TAO, pushing decentralized artificial intelligence further into mainstream crypto markets.
The digital asset manager filed an initial S-1 registration statement with the U.S. Securities and Exchange Commission on Tuesday for what would be the first U.S.-listed exchange-traded product (ETP) offering exposure to TAO.#Grayscale