Grayscale Investments filed a Form 10 with the U.S. Securities and Exchange Commission (SEC) on October 12, 2025, for its Bittensor Trust, a move that could transform it into an SEC-reporting entity. This development promises increased transparency, shorter lock-up periods for investors—reduced from 12 months to just 6 months—and easier access for institutional capital, mirroring the strategy Grayscale employed with its Bitcoin Trust years ago, which historically drove significant liquidity for BTC.
Bittensor (TAO) has responded with a strong price rebound, recovering from a recent low of around $224.9 USDT in September to over $313 USDT by October 10, reflecting a 5.48% daily increase. Technically, TAO found support near $315, aligning with the 38.2% Fibonacci level at $307.32, while the RSI sits at 41.65 and the MACD shows signs of flattening, indicating potential seller exhaustion. However, trading volume has declined by more than 60% in the past day, suggesting cautious buyer sentiment. Key resistance levels to watch include $320 and the 30-day moving average around $327; a break above these could fuel further gains.
Institutional interest has been steadily growing, with Nasdaq-listed TAO Synergies and TSX Venture Exchange-listed xTAO accumulating approximately 83,649 TAO (worth about $26.7 million) since July. Much of this is staked, earning over 10% annual yield and reducing circulating supply. Analyst Crypto Caesar noted, "TAO is looking very strong over here. Grayscale just filed a Form 10 for its Bittensor Trust. Bullish." If the SEC approves the filing, it could pave the way for an over-the-counter listing, enhancing TAO's role in the decentralized AI narrative and attracting more institutional investment.
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