Grayscale has filed an updated registration statement with the U.S. Securities and Exchange Commission to launch a Bittensor-based investment product. It marks a potential expansion of crypto exchange-traded funds beyond Bitcoin and Ethereum.

The proposed product, the Grayscale Bittensor Trust, is designed to hold Bittensor [TAO] directly and track its market price.

If approved, the trust is expected to convert into an ETF and list on NYSE Arca, offering institutional investors regulated exposure to the AI-linked digital asset.

Expanding beyond Bitcoin and Ethereum

The filing reflects a broader push by asset managers to package emerging crypto narratives into institutional products. 

Bittensor operates as a decentralized network…