Grayscale files second S-1 amendment for Bittensor ETF
- —The S-1/A is the second amendment to an application originally filed December 30, 2025
- —Listing is planned under generic NYSE Arca Rule 8.201-E, avoiding a separate 19b-4 process
- —BitGo Bank & Trust is principal custodian, with Coinbase Custody as a second custodian
- —The sponsor fee accrues in TAO, but its rate is not yet quantified in the filing
Why it matters: Approval would give institutions ETF access to TAO, though timing and fees remain unknown.
Source: CryptoTicker