Citing CoinJournal, Bittensor’s TAO token has surged 18% in the past 24 hours, reaching an intraday high of $490 and leading the top gainers list. The price rally follows the October 29 launch of the world’s first staked Bittensor Exchange Traded Product (ETP) by Deutsche Digital Assets and Safello. The ETP, secured by BitGo Europe and domiciled in Liechtenstein, aims to bridge traditional finance with decentralized AI, potentially unlocking European institutional capital. Analysts suggest that a sustained close above $500 could push TAO toward $700, with further bullish potential if the token breaks its year-long downtrend.
Bittensor TAO Surges 18% to Lead Top Gainers Amid Institutional ETP Launch
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