AI × CryptoBullishBlockonomi · 5h ago7/10
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Grayscale Files Spot TAO ETF as Bittensor Network Rebounds from Covenant AI Exit and 38% Drawdown
Grayscale has increased TAO allocation to 43.06% in its AI fund and filed a spot TAO ETF application alongside Bitwise, with SEC decision expected in August 2026. The Bittensor network demonstrated resilience by enabling community miners to restore three subnets from open-source code following Covenant AI's departure, marking a significant test of its decentralized architecture.
$TAO