Grayscale has appointed Coinbase Prime as a second custodian for its Bittensor Trust, while BitGo remains the primary custodian. This change, disclosed in an SEC 8-K filing on October 5, 2026, spreads operational risk by diversifying custody but does not affect the token supply or price directly. The trust's TAO token trades over the counter and is not yet an ETF, limiting access for retail investors outside the US. The custody update is a structural move to enhance security and trading capabilities rather than a market event impacting price.
Bittensor's custody update is noted here with Pluang's market snapshot as of Oct 09, 2026 16:21 WIB: Among 50 major cryptocurrencies priced on Pluang, 12 rose and 37 fell today. Notable movers include ATOM at Rp34.769 with a 9.18% increase and a typical hold time of 60 days, ALGO at Rp2.127 down 8.71% with a 129-day hold, and EOS at Rp12.649 up 8.13%. The most notable figure is ATOM's 77% buy order activity on Pluang.
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