According to @CoinMarketCap, Grayscale Investments has filed with the U.S. SEC to launch the Grayscale Bittensor Trust, which would be the first U.S. exchange-traded product offering exposure to Bittensor’s TAO and is proposed to trade on NYSE Arca if approved (source: @CoinMarketCap). SEC approval requires an exchange rule change for NYSE Arca under Exchange Act Section 19(b) and an effective registration statement, with statutory deadlines that can extend up to 240 days from publication in the Federal Register (source: U.S. SEC). If approved, an NYSE Arca-listed ETP would provide regulated brokerage access to TAO exposure via exchange-traded shares, with listing eligibility and start-of-trading governed by SEC and exchange procedures (source: NYSE Arca; U.S. SEC).

According to @LayerZero_Core, LayerZero is now live on Bittensor, enabling seamless interoperability for Bittensor and its subnets. With this integration, every ERC-20 asset on Bittensor's EVM can natively expand to more than 130 chains supported by LayerZero, significantly increasing liquidity and cross-chain trading opportunities for TAO and related tokens (source: @LayerZero_Core, May 16, 2025). This move is expected to enhance Bittensor’s trading volume and make it more accessible to DeFi traders who rely on multi-chain strategies.

According to @doctortraderr, the TAO token is performing well under the '100-1k$ challenge'. The analyst notes that the SPX index opening with a gap up indicates positive momentum for altcoins, including TAO. This suggests potential trading opportunities as the token continues to be held confidently.