Grayscale files SEC Form 10 for TAO Trust, shortening private placement holding period to 6 months

Grayscale has submitted Form 10 for Grayscale Bittensor Trust (TAO), which is the first step in becoming an SEC reporting company, aimed at increasing its accessibility, transparency, and regulatory status. This move means that Grayscale will seek to publicly quote TAO trust shares on the OTC market, with its private placement 12-month holding period shortened to 6 months. The trust is one step closer to becoming an ETP.