Grayscale files SEC Form 10 for TAO Trust, reducing private placement holding period to 6 months
Jinse Finance reported that Grayscale has announced the filing of Form 10 for the Grayscale Bittensor Trust (TAO), which is the first step toward becoming an SEC reporting company. This move aims to enhance its accessibility, transparency, and regulatory status. It means that Grayscale will seek to publicly quote TAO Trust shares on the over-the-counter market, and the private placement holding period will be shortened from 12 months to 6 months. The trust is now one step closer to becoming an ETP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An address dormant for 9 years has converted 4619 ETH to BCH, approximately $13.42 million
A wallet dormant for 9 years exchanged 4,619 ETH for BCH, worth $13.42 million.
Stacks has integrated Circle xReserve, supporting USDCx
The European Central Bank keeps the deposit facility rate unchanged at 2%, in line with market expectations.
