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Major news from the traditional finance side: Grayscale has submitted a Form S-1 registration statement with the SEC for its Grayscale Bittensor Trust, signaling a serious push to bring $TAO exposure to institutional and retail investors through a regulated trust vehicle. This move reflects the growing institutional appetite for AI-focused blockchain infrastructure projects. The SEC filing marks another milestone in legitimizing alternative assets within the traditional investment framework, potentially opening doors for a wave of capital inflows into the Bittensor ecosystem. With this development, TAO is positioned to gain visibility among professional asset allocators who have been waiting for compliant and transparent investment options.