Grayscale has filed with the U.S. SEC to launch a Bittensor-based investment product, the Grayscale Bittensor Trust, which would hold Bittensor (TAO) tokens directly and track their market price. If approved, the trust will convert into an ETF listed on NYSE Arca, providing institutional investors regulated exposure to an AI-focused crypto asset. This move highlights a growing trend of crypto products expanding beyond Bitcoin and Ethereum to include emerging themes like AI. The filing comes amid a price recovery for TAO, signaling increased market interest. Regulatory approval is still required before the ETF can launch.
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
Bittensor (TAO) dropped below the $200 support level, hitting a monthly low of $193 due to increased futures outflows and declining open interest, indicating reduced exposure by derivatives traders. Despite the bearish momentum, spot market data show...
NEAR Protocol's price rose above $2, supported by renewed interest in AI-related cryptocurrencies and an 83% surge in trading volume. The token is breaking out of a falling wedge pattern, with a confirmed breakout above $2.03 potentially driving pric...
