Bitcoin Updates: Bittensor's AI Innovation Reflects Bitcoin's Economic Transformation, Drives TAO Growth

The

(TAO) token climbed past $520 on November 1, representing an 18.76% gain within a single day. This surge was fueled by the introduction of Europe’s inaugural staked exchange-traded product (ETP) and increasing institutional interest in decentralized AI infrastructure, as highlighted in a . The Safello Bittensor Staked TAO ETP (STAO), which Safello and Deutsche Digital Assets launched on October 31, is now available on the SIX Swiss Exchange. It provides investors with TAO exposure, charges a 1.49% fee, and automatically reinvests staking rewards, according to a . This ETP, physically backed by TAO tokens stored offline, triggered a 20% price jump in the days after its debut, based on a .

Safello’s ETP marks a significant step for the Nordic exchange into structured crypto offerings, in partnership with Deutsche Digital Assets, a Deutsche Bank subsidiary. Emelie Moritz, CEO of Safello, stressed the product’s importance in making Bittensor’s decentralized AI network more accessible, rewarding developers and miners through a proof-of-stake system. The ETP’s structure reflects broader industry movements, such as the recent launches of

and ETFs, indicating growing institutional trust in the merging of blockchain and AI.

Bittensor’s native asset has experienced strong uptake, with its market cap hitting $5.31 billion and a fully diluted value of $8.97 billion, according to Lookonchain. The network, designed as a decentralized hub for AI model creation and monetization, has seen total value locked soar by over 200% this year, as reported by Coinotag. Industry experts, including Chris Miglino from DNA Fund, liken Bittensor’s impact to Bitcoin’s disruption of traditional finance, emphasizing its potential to transform the foundations of AI.

The ETP’s achievements are further supported by clear regulations and robust security. STAO’s use of cold storage and transparent fees meet institutional standards, addressing crypto asset management concerns, as detailed by ETF Express. Safello leveraged Deutsche Digital Assets’ white-label platform to simplify compliance and exchange integration, with DDA CEO Maximilian Lautenschläger noting the ETP’s role in connecting conventional finance with decentralized technology.

Market trends indicate ongoing strength for TAO. Trading volume jumped 59% in 24 hours to $408 million, reflecting increased speculative interest ahead of Bittensor’s expected halving in late December, which will reduce mining rewards by half, according to Yahoo Finance. Technical signals, such as a bullish MACD crossover and a Relative Strength Index near 65.7, suggest that if TAO surpasses $540 resistance, it could target $600.

The debut of the TAO ETP highlights the evolution of crypto investing, as regulated products draw both individual and institutional investors. With global ETP inflows exceeding $9.6 billion in Q3 2025, as noted in a

, and regulatory progress in markets like Hong Kong and Europe, the industry is set for further growth. Still, investors must contend with token price swings and broader economic conditions, as shown by TAO’s recent 4% single-day drop.

As Bittensor cements its place among the top 30 cryptocurrencies, the STAO ETP demonstrates how blockchain and AI are transforming capital markets. Ongoing advancements in staking and decentralized systems could reshape investment approaches in the AI-powered economy.