RE: Current run rate $5m a year8 Jan 2026 17:53
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2. Public Trading on OTCQX
Just before the ETF filing, on December 11, 2025, the Grayscale Bittensor Trust began trading publicly on the OTCQX Best Market.
This was a huge milestone because it made the Trust an SEC-reporting company.
It also reduced the "holding period" for private investors from 12 months down to 6 months, which significantly increased the liquidity of the shares.
3. "The Nvidia of Crypto" Narrative
Grayscale has been very vocal on social media and in research reports this week (early January 2026), specifically linking Bittensor to Nvidia.
They recently highlighted a quote from Nvidia CEO Jensen Huang about "compressing excess energy into AI models," stating explicitly: "Bittensor is real and available now." * In their latest multi-asset fund rebalancing (Jan 6, 2026), TAO now makes up nearly 30% of the Grayscale Decentralized AI Fund, making it their largest holding in that category.