other material
confidence high
sentiment neutral
materiality 0.55
Grayscale Bittensor Trust (TAO) changes NAV valuation index to CoinDesk Bittensor Benchmark Rate effective March 6, 2026
Grayscale Bittensor Trust (TAO)
- As of March 6, 2026, Trust's NAV per share will be calculated using CoinDesk Bittensor Benchmark Rate (previously Coin Metrics Real-Time Rate).
- Index provider CoinDesk selects constituent trading platforms based on criteria including market quality, security, legal/regulatory, KYC, data, transparency, team, and negative events.
- Index algorithm uses volume weighting, FX conversion, outlier detection, inactivity adjustment, and manipulation resistance; recalculation every 5 seconds over 24-hour period.
- If Index becomes unavailable, Sponsor will cascade to Secondary Index (Coin Metrics Real-Time Rate), Tertiary Pricing Option (principal market), or good faith estimate.