Grayscale files for first U.S. Bittensor ETP as decentralized AI gains momentum

Grayscale has filed for the first U.S. exchange-traded product (ETP) focused on Bittensor, a decentralized AI network. This move comes as interest in decentralized artificial intelligence continues to grow, reflecting a broader trend in the cryptocurrency market. The proposed ETP aims to provide investors with exposure to Bittensor's unique model, which incentivizes contributions to AI development through a blockchain framework. Grayscale's filing highlights the increasing convergence of AI and blockchain technologies, positioning the firm at the forefront of this emerging sector.

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