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    Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

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    Bitwise and Grayscale Files for Bittensor ETF With SEC: Is TAO Ready for Rebound?

    Story Highlights
    • Grayscale filed an S-1 filing with the SEC to convert its $7.9M Bittensor Trust to an ETF.

    • Bitwise filed 11 crypto ETFs with the SEC on Tuesday, led by a TAO ETF.

    • The TAO/USD pair has formed a potential reversal pattern amid choppy crypto markets.

    The institutional demand for Bittensor (TAO) is on the rise in tandem with the rise of artificial intelligence (AI). On Tuesday, Grayscale Investments and Bitwise filed with the United States Securities and Exchange Commission (SEC) to offer spot TAO exchange-traded funds (ETFs).

    Bittensor ETF in 2026 Amid AI Boom

    According to the preliminary prospectus, Bitwise Investments filed with the SEC to offer 11 spot crypto ETFs. Among the 11 applicants is the Bitwise TAO Strategy ETF, which will invest 60% of the funds in TAO and the rest in an ETP directly invested in TAO.

    On December 30, Grayscale Investments also filed an S-1 with the U.S. SEC to convert its Grayscale Bittensor Trust into an ETF traded on NYSE under the ticker GTAO. At press time, the Grayscale Bittensor Trust had a total of $7.9 million in assets under management. 

    Why Now?

    The strategic application for the spot TAO ETFs is a result of the rising demand for AI-related products globally. The TAO token is the fuel for the Bittensor ecosystem, which involves rewards for miners and validators.

    The demand for TAO has also surged significantly in the recent past after the Bittensor network underwent a halving of its inflation in mid-December 2025. With dozens of AI projects already running on the Bittensor network, the TAO coin has grown to a market cap of about $2.3 billion 

    What’s Next for TAO Price?

    The strategic filing of spot TAO ETFs with the U.S. SEC has a direct bullish impact on the altcoin. According to market data from TradingView, the TAO price surged 1.1% to trade at about $221 on Tuesday during the late North American session.

    TAO price

    Source: X
    From a technical analysis standpoint, TAO price is well-poised to rebound after retesting the current demand zone three times in the past two years. Crypto analyst Satoshi Flipper believes that the TAO price will more than triple to hit $700 I 2026.

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