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).
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.
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
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.
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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
After a surprise bullish breakout last week, spot Gold and Silver have extended their gains.…
The crypto markets are plunging! Bitcoin price slides below $90,000, while Ethereum price plunges marginally…
The Canton Network price continues to draw attention as institutional finance and crypto are converging…
Chainlink said on Monday it has launched new data feeds that allow blockchain-based platforms to…
Solana is known for being one of the fastest blockchains, with a theoretical maximum speed…
Bitcoin, Ethereum, and XRP have all moved lower over the past few weeks as the…
