Grayscale’s Recent Activities and Market Impact

Filing of the Bittensor (TAO) Trust

On 14 October 2025, Grayscale submitted a Form 10 to the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust. The filing was reported to lift the price of Bittensor (TAO) by up to 33 %, with analysts noting a target of $0.50 for the token. The move was highlighted as a potential catalyst for the token to regain its all‑time high from April 2024, according to technical indicators.

Asset Sales in 2025

The same day, Grayscale sold approximately $358 million worth of Bitcoin, Ethereum, and Solana. This liquidation prompted concerns about potential market stress, though the impact on individual price levels was not quantified in the report.

Solana‑Focused Commentary

Grayscale Research released two statements on 15 October 2025 regarding Solana:

  • Growth Outlook – The research team suggested that Solana’s steady on‑chain growth could push its price above $260. Current metrics include an average of 4 587 daily users and 96 200 daily transactions, generating roughly $5 billion in annual fees. VanEck projected Solana’s price could reach $520 by year‑end.
  • “Crypto’s Financial Bazaar” Designation – Analysts described Solana as a “crypto’s financial bazaar,” citing its deep on‑chain economy, strong user growth, and dominant transaction activity as foundations for long‑term value creation.

Both statements were released within minutes of each other on 15 October 2025, underscoring Grayscale’s focus on Solana’s on‑chain fundamentals.

Market Reactions to Grayscale News

The filing for the Bittensor Trust and the subsequent price surge for TAO were reported by multiple outlets, including bitcoinist.com and beincrypto.com. The reported 33 % increase in TAO’s price was the largest single‑day move for the token in recent history. Conversely, the sale of Bitcoin, Ethereum, and Solana was described as potentially unsettling by u.today, although no direct price impact was quantified.

Current Fundamentals for Grayscale

  • Asset type: crypto_currency
  • Currency: USD
  • Close price (2025‑10‑13): 0.00000388122 USD
  • 52‑week high (2025‑08‑12): 0.0000168434 USD
  • 52‑week low (2025‑08‑02): 1.38584 × 10⁻⁷ USD

These figures provide a baseline for evaluating the short‑term movements driven by Grayscale’s recent filings and asset sales.

The above events illustrate Grayscale’s active engagement with both emerging tokens such as Bittensor and established assets like Solana, Bitcoin, and Ethereum. The firm’s filings and sales have generated notable price movements and analyst commentary, underscoring its influence within the broader cryptocurrency market.