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