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🚨 TODAY: 🇺🇸 GRAYSCALE FILES FIRST U.S. BITTENSOR $TAO ETP
Grayscale filed the initial S-1 for Grayscale Bittensor Trust (ticker: $GTAO) with the @SECGov.
The Bittensor ETP aims to provide regulated access to decentralized AI tokens— an emerging crypto narrative.
A little about $TAO:
—Bittensor operates as an open network that utilizes crypto-economic incentives to coordinate machine learning development.
—Contributors of models and computing power are rewarded with TAO tokens.
🇩🇪 Before Grayscale's U.S. filing, Deutsche Digital Assets, a Germany-regulated provider of ETPs, announced it would list a Bittensor ETP on the SIX Swiss Exchange under the ticker $STAO.