<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002021867</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0002029297</issuerCik>
      <issuerName>Grayscale Bittensor Trust (TAO)</issuerName>
      <secFileNumber>000-56788</secFileNumber>
      <issuerAddress>
        <com:street1>290 HARBOR DRIVE</com:street1>
        <com:street2>4TH FLOOR</com:street2>
        <com:city>STAMFORD</com:city>
        <com:stateOrCountry>CT</com:stateOrCountry>
        <com:zipCode>06902</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>212-668-1427</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Salm Craig I</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer of the sponsor of the Issuer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Canaccord Genuity Corp</name>
        <address>
          <com:street1>609 Granville Street Suite 2200</com:street1>
          <com:city>Vancouver BC</com:city>
          <com:stateOrCountry>Z4</com:stateOrCountry>
          <com:zipCode>Z4 V7Y1H</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>11915</noOfUnitsSold>
      <aggregateMarketValue>155807.69</aggregateMarketValue>
      <noOfUnitsOutstanding>1907800</noOfUnitsOutstanding>
      <approxSaleDate>01/23/2026</approxSaleDate>
      <securitiesExchangeName>OTCQX</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/28/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Privately negotiated transaction</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Purchased from Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>52863</amountOfSecuritiesAcquired>
      <paymentDate>08/08/2024</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Canaccord Genuity Corp</name>
        <address>
          <com:street1>609 Granville Street Suite 2200</com:street1>
          <com:city>Vancouver BC</com:city>
          <com:stateOrCountry>Z4</com:stateOrCountry>
          <com:zipCode>Z4 V7Y1H</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>12/12/2025</saleDate>
      <amountOfSecuritiesSold>2000</amountOfSecuritiesSold>
      <grossProceeds>24160.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Canaccord Genuity Corp</name>
        <address>
          <com:street1>609 Granville Street Suite 2200</com:street1>
          <com:city>Vancouver BC</com:city>
          <com:stateOrCountry>Z4</com:stateOrCountry>
          <com:zipCode>Z4 Z4 V7Y1</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>12/15/2025</saleDate>
      <amountOfSecuritiesSold>2400</amountOfSecuritiesSold>
      <grossProceeds>21816.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>01/23/2026</noticeDate>
      <signature>Craig Salm</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
