Major development in crypto institutional adoption: Grayscale has submitted a Form S-1 registration statement to the SEC for the Grayscale Bittensor Trust, marking a significant step toward bringing TAO exposure to traditional investment vehicles. The filing represents growing momentum in bridging institutional investors with AI infrastructure tokens. This move follows the broader trend of major asset managers expanding their digital asset product suite. If approved, the trust would provide a regulated way for investors to gain exposure to Bittensor's network without directly holding the token. The development underscores increasing acceptance of alternative cryptocurrencies beyond Bitcoin and Ethereum in the institutional investment space.