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

Grayscale announced it has filed Form 10 for the Grayscale Bittensor Trust (TAO), the first step toward becoming an SEC-reporting company and enhancing its accessibility, transparency, and regulatory status. This move means Grayscale will seek to publicly quote TAO Trust shares on the over-the-counter market, shortening the 12-month holding period for its private placement to six months. This brings the trust one step closer to becoming an exchange-traded program (ETP).