Grayscale launches Bittensor ETF, TAO fails to gain momentum

Grayscale Bittensor Trust (GTAO) began trading publicly on the OTCQX on Thursday, giving US investors regulated exposure to the TAO token. The fund holds about $10.8 million in assets and is now accessible to IRAs and brokerage accounts. Despite the debut, TAO traded down nearly 2% at $293.81 amid a broader crypto slump, though retail sentiment improved to neutral.