Grayscale Bittensor Trust Q2 FY26 net assets resulting from operations turn to loss of USD 4.68 million; net assets drop 20% to USD 9.39 million

Grayscale Bittensor Trust posted a net decrease in net assets from operations of USD 4.68 million for the three months ended June 30, 2026.

Net assets fell 20% over the quarter to USD 9.39 million; Principal Market NAV per share slid to USD 3.85.

Net realized and unrealized loss on investment in TAO widened to USD 4.61 million, including a USD 4.59 million unrealized loss.

TAO on the principal market dropped to USD 202.57 at June 30 from USD 306.80 at March 31; the Sponsor’s Fee totaled USD 69,000.

Share creations added about 8,313 TAO valued at USD 2.32 million, while about 271 TAO was withdrawn to pay the Sponsor’s Fee.