Grayscale raises TAO exposure from 31% to 43% in latest rebalance – Here’s why

ambcryptoPublished on 2026-04-07Last updated on 2026-04-07

Abstract

Grayscale has significantly increased its exposure to Bittensor (TAO) in its AI-focused cryptocurrency portfolio, raising TAO's allocation from 31.35% to 43.06% in its latest rebalancing. This move highlights a strong vote of confidence in the AI token, as no other assets were added or removed from the fund. Other holdings like NEAR, FIL, GRT, and IP saw reduced weights, while RENDER posted a slight increase. The growing subnet economy within the Bittensor ecosystem—comprising 128 independent AI-focused networks—strengthens its utility narrative. For instance, Targon Compute, one of its subnets, reportedly generated $105,000 in revenue over the past week, indicating strong growth potential. At the time of writing, TAO was trading at $321.74, up 3.70% daily, with its mid-March uptrend still intact. However, it faces consolidation near the $330–$360 resistance zone. While the RSI suggests bullish momentum, the MACD shows signs of weakness. Grayscale has also filed with the SEC for a Bittensor-based investment product, proposing a trust that would hold TAO directly and potentially convert into an ETF if approved.

Grayscale is betting on Bittensor [TAO]! The investment mammoth has increased TAO’s share in its AI-focused crypto portfolio, from 31.35% to 43.06% in its latest rebalance.

Here’s what you need to know.

Grayscale raises TAO allocation in rebalance

The vote of confidence in the AI token stands out, because the fund’s composition remains otherwise unchanged. No new assets were added or removed.

Source: X

NEAR Protocol’s [NEAR] share slipped to 24.43% from 26.54%, Filecoin [FIL] fell to 9.86% from 13.77%, The Graph [GRT] dropped to 4.15%, and Story’s [IP] weight was cut to 2.73%.

Render [RENDER] was the only other asset to post a slight hike, going up to 15.77%.

AMBCrypto previously reported that Grayscale had also filed an updated registration statement with the U.S SEC for a Bittensor-based investment product. The proposed Grayscale Bittensor Trust would directly hold TAO and track its market price, with plans to convert into an ETF and list on NYSE Arca if approved.

Bittensor’s growing subnet economy

TAO is currently valued at around $6.2 billion. This, on the back of the network expanding to 128 subnets.

Subnets are independent AI-focused networks that can be thought of as open-source startups building within the Bittensor framework.

Source: X

This gives the ecosystem a stronger utility narrative. Case in point? Targon Compute (one of Bittensor’s subnets) reportedly generated $105,000 in revenue over the past week, translating to an annualized run rate of roughly $5.5 million!

What makes that notable is its relatively modest valuation of about $82 million FDV.

TAO holds above $320, but pace is slowing

At the time of writing, TAO was trading at $321.74, posting a daily gain of 3.70% after a high of $329.95. The uptrend from mid-March is still intact, but there seemed to be consolidation just below the $330-$360 resistance zone.

Source: TradingView

The RSI indicated bullish momentum, but wasn’t quite overheated. Meanwhile, the MACD was weak, with the Signal line pulling ahead of the MACD line and the histogram turning negative.

Final Summary

  • Grayscale raised TAO’s weight in its AI crypto portfolio from 31.35% to 43.06%.
  • TAO’s growing ecosystem seemed to support the bullish narrative too. 

Related Questions

QWhat was the percentage increase in Grayscale's TAO allocation in its latest rebalance?

AGrayscale increased TAO's allocation from 31.35% to 43.06%, representing an increase of 11.71 percentage points.

QWhich other asset in the fund also saw a slight increase in its allocation?

ARender (RENDER) was the only other asset to post a slight hike, going up to 15.77%.

QWhat is the proposed investment product that Grayscale has filed with the SEC for Bittensor?

AGrayscale filed for a Grayscale Bittensor Trust, which would directly hold TAO and track its market price, with plans to convert into an ETF and list on NYSE Arca if approved.

QWhat is a key feature of the Bittensor ecosystem that supports its utility narrative?

AA key feature is its subnet economy, with 128 independent AI-focused subnets that function like open-source startups building within the Bittensor framework.

QWhat was TAO's approximate trading price and daily gain at the time the article was written?

ATAO was trading at $321.74, posting a daily gain of 3.70%.

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