#比特币现货ETF Recently, Grayscale is up to something again, this time submitting an ETF application for Bittensor (TAO) to the US SEC! 🤔 Honestly, when I first heard about it, I was a bit confused—ETF, application, tokens... these words all together felt so complicated.

Later, I gradually understood that Grayscale is helping us newcomers lower the barriers. In the past, wanting to get involved with some ecosystem tokens felt very risky. Now, with regulated tools like ETFs, it’s like adding a protective layer😅 being able to hold TAO directly through official channels—this really excites me.

What’s even more interesting is that this shows institutional investors are also paying attention to ecosystem tokens, not just the "top-tier" Bitcoin spot ETFs. Although I’m still a beginner, I feel this means the crypto market is slowly moving toward a more mature and regulated direction.

But I still have to admit, there are many details I don’t quite understand... Can any experts briefly explain why Grayscale pushing an ETF would have such a big impact on TAO? Looking forward to learning more!