Grayscale has initiated efforts to introduce the first regulated investment product for BitTensor’s native token, TAO, to the U.S. market. This move comes amid the rapid advancement of decentralized artificial intelligence (AI), which has attracted global investors and technology experts. BitTensor is a blockchain-based protocol designed to integrate AI modules in a decentralized manner and enhance their performance. Its native token, TAO, is used for payments and rewards within the network. Grayscale aims to offer U.S. investors an accessible way to invest in this innovative digital asset through an exchange-traded product (ETP). As a leading investment firm specializing in cryptocurrencies and digital assets, Grayscale has previously launched ETPs for various crypto assets, enabling investors to participate directly in the crypto market. With the growing significance of decentralized AI, the introduction of a TAO ETP could open new investment opportunities in this sector. The application has been submitted to U.S. regulatory authorities to ensure the TAO ETP can be legally and securely launched. If approved, this product would mark a significant milestone for BitTensor tokens in the U.S. and potentially pave the way for investments in other decentralized AI projects. However, market volatility and regulatory uncertainties in the cryptocurrency and digital asset space pose risks, making thorough research and careful planning essential before investing.
Source: coindesk
