Grayscale Files for Bittensor Trust ETP Conversion, Potential First TAO ETP in the U.S.
- Initial Filing: Grayscale submitted an S-1 registration with the SEC on December 30, 2025, to convert its Bittensor Trust into an ETP, marking a potential first for a TAO ETP in the U.S., which enhances market interest in this asset.
- Price Movement: Following the filing, the TAO token price increased slightly from $219 to $222, reflecting investor optimism regarding the ETP conversion, although immediate economic impacts remain limited due to pending regulatory approval.
- Strategic Positioning: Grayscale's filing aligns with its strategy to convert digital asset trusts into publicly traded products, aiming to foster greater mainstream adoption of cryptocurrencies and potentially instigate financial and regulatory changes.
- Market Confidence: Analysts view the Bittensor Trust conversion as a forward-thinking move, leveraging Grayscale's previous successful transitions of Bitcoin and Ethereum trusts into ETPs, thereby bolstering market confidence and visibility.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00939 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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