Grayscale Advances Toward SEC Reporting Status with Bittensor Trust

According to Foresight News, Grayscale has announced the submission of Form 10 for the Grayscale Bittensor Trust (TAO), marking the initial step toward becoming an SEC reporting company. This move aims to enhance the trust's accessibility, transparency, and regulatory standing. As a result, Grayscale will seek to publicly quote TAO trust shares on the over-the-counter market, reducing the private placement holding period from 12 months to 6 months. This development brings the trust closer to becoming an exchange-traded product (ETP).