Grayscale Adds Coinbase Prime as Second Custodian for Bittensor (TAO) Trust
- —Coinbase Prime added as second custodian of the Grayscale Bittensor Trust; BitGo stays primary
- —8-K filed with the SEC on October 5, 2026; Coinbase Prime agreement dated September 29
- —The share of TAO moving to Coinbase has not yet been determined by the sponsor
- —TAO at $275.96: down 11.99% over 7 days, up 6.39% over 30 days, 63.6% below its all-time high of $757.60
Why it matters: Splitting custody reduces the trust's operational risk, but GTAO remains an OTC product without ETF approval.
Source: CryptoTicker