AI Analysis
AI-generated analysis. Always verify with the original filing.
Grayscale Bittensor Trust (TAO) is changing its valuation index for Bittensor (TAO) from Coin Metrics Real-Time Rate to CoinDesk Bittensor Benchmark Rate effective March 6, 2026, impacting NAV and NAV per Share calculations and future SEC filing references. The filing details the index methodology, constituent trading platform criteria, and fallback pricing rules.
Key Takeaways
1Change to CoinDesk Bittensor Benchmark Rate effective March 6, 2026
2Prior index: Coin Metrics Real-Time Rate for Bittensor
3NAV and NAV per Share calculated using new Index Price at 4:00 p.m. New York time
4Constituent Trading Platforms selected per IOSCO-aligned Inclusion Criteria including market quality, security, and regulatory compliance
5Index Price calculated every 5 seconds using volume-weighted algorithm with outlier detection and manipulation resistance
6Fallback rules include Secondary Index (Coin Metrics), Tertiary Pricing Option, and Sponsor discretion