GTAO – Grayscale Bittensor Trust – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks for the value of the Shares (based on TAO per Share) to reflect the value of TAO held by the Trust, determined by reference to the Reference Rate Price, less the Trust’s expenses and other liabilities. The Reference Rate Price is determined by the Reference Rate Provider through a process in which trade data is cleansed and compiled in such a manner as to algorithmically reduce the impact of anomalistic or manipulative trading.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
GTAO	Grayscale Bittensor Trust	ETF	Open	—	—	Jun 10, 2024	$16.93M	2.500%	—	—	$7.95M

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