Grayscale files SEC Form 10 for TAO Trust, reducing private placement holding period to 6 months
Jinse Finance reported that Grayscale has announced the filing of Form 10 for the Grayscale Bittensor Trust (TAO), which is the first step toward becoming an SEC reporting company. This move aims to enhance its accessibility, transparency, and regulatory status. It means that Grayscale will seek to publicly quote TAO Trust shares on the over-the-counter market, and the private placement holding period will be shortened from 12 months to 6 months. The trust is now one step closer to becoming an ETP.
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