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- Grayscale has made the Bitensor Trust publicly tradable, expanding regulated access to TAO for U.S. investors.
- This listing comes just before Bittensor’s first halving, when token emissions will be reduced and supply will be tight.
Grayscale has now expanded its portfolio of digital assets by rolling out a Bittensor-focused investment product, offering US investors regulated access to the TAO market, days ahead of the network’s first halving event.
There are only 3 days left until TAO’s half-life.
And Grayscale will remove $GTAO and bring $TAO directly into traditional brokerage accounts.
Assets under management: $10.8 million
Number of shares: 1.88 million shares
ATH: $767.68 (still less than 62%)It’s hard to miss the timing. Grayscale knows exactly what it’s doing. 👀 pic.twitter.com/XRkEfDvnbr
— Kyle Doops (@kyledoops) December 11, 2025
According to the company’s announcement, Grayscale Bittensor Trust currently trades on OTCQX under the ticker GTAO. OTCQX is a regulated secondary market provided by OTC Markets Group Inc. that hosts securities that meet financial and disclosure standards. Mr. Grayscale described GTAO as the first public investment product in the United States designed to provide exposure to TAO. Previously, the trust was only available through a private placement since its establishment in August 2024.
Grayscale opens public access to TAO
Grayscale, a subsidiary of Digital Currency Group, remains one of the largest digital asset management companies on the market. Its product range includes everything from single-asset trusts to diverse cryptocurrency index products to exchange-traded funds that track assets such as Bitcoin and Ethereum.
In recent years, the company has gradually started to expand beyond its flagship cryptocurrency. The company has turned select altcoin trusts into exchange-traded products and recently launched a Chainlink-focused fund. In addition to these, Grayscale also continues to operate private investment vehicles with exposure to assets such as Avalanche and Zcash, as well as exchange traded trusts linked to tokens such as Basic Attendee Token, NEAR and SUI.
Bitensol braces for supply cuts as half-life approaches
The public launch of GTAO comes just ahead of an important milestone for the Bittensor network. Bittensor will undergo its first halving on December 14th, which will slow down the rate at which new TAO tokens are distributed to network participants.
TAO is a native asset of Bittensor, an AI-centric decentralized network based on application-specific subnets. Participants can earn TAOs by contributing computing resources to support and power these AI-driven chains. The protocol has a maximum supply of 21 million tokens, which are issued at a decreasing rate every four years, similar to Bitcoin. The next halving is expected to actually tighten new supply while maintaining the overall issuance structure for long-term participants as expected.
Following the public quotation, Grayscale Vitensor Trust will file periodic reports and financial statements with the U.S. Securities and Exchange Commission. These disclosures contribute to increased transparency and align products with regulatory requirements for listed investment vehicles.
TAO price action improves
Due to the upcoming halving, the amount of new TAOs in circulation is expected to decrease, making them even more rare. There are already signs of hope in market prices. TAO was trading above $300 on Thursday, continuing a short-term uptrend that has seen the token rise more than 5% in the past 24 hours. The price ranged from a low of about $281 to a high of about $306, increasing the market cap to about $3.15 billion.
Technical indicators indicate an improvement in the situation. TAO made a base between $270 and $290 before recovering $300. Momentum gauges such as the relative strength index and the MACD histogram indicate easing of bearish pressure.
Source: Trading View
Cryptocurrency analyst Daniel Ramsey, in a post on Additionally, Whales_Crypto_Trading is hinting at a 4-hour breakout, indicating scope for further upside if the strength continues.
Source: X Whales_Crypto_Trading
