Grayscale moves toward exchange listing for TAO trust in US
The proposed TAO investment vehicle, one of the first exchange-traded products that could be available to US markets, is expected to be listed on NYSE Arca following approval.
Digital asset management company Grayscale Investments has filed to list and trade shares of an exchange-traded product (ETP) tied to Bittensor’s native token, TAO.
In a Tuesday filing with the US Securities and Exchange Commission, Grayscale filed an S-1 registration statement for shares of its Bittensor Trust (TAO). The filing came more than a year after the asset manager introduced the TAO trust and signals Grayscale’s move to transition its over-the-counter TAO product to NYSE Arca.
The filing is subject to SEC review before listing under the ticker GTAO. The SEC has green-lit several exchange-traded fund offerings from Grayscale tied to cryptocurrencies, including those for Bitcoin (BTC) and Ether (ETH).
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