Bitcoin News Today: Bittensor's AI Breakthrough Mirrors Bitcoin's Financial Revolution, Fuels TAO Surge

The Bittensor (TAO) token surged above $520 on November 1, marking an 18.76% increase in 24 hours, driven by the debut of Europe's first staked TAO exchange-traded product (ETP) and growing institutional interest in decentralized AI infrastructure, according to a Lookonchain report. The Safello Bittensor Staked TAO ETP (STAO), launched by Safello and Deutsche Digital Assets on October 31, now trades on the SIX Swiss Exchange, offering investors exposure to TAO with a 1.49% fee and automatic reinvestment of staking rewards, per a Coinotag report. The product, physically backed by TAO tokens held in cold storage, has catalyzed a 20% price rally in the days following its launch, according to a Yahoo Finance report.

Safello's ETP represents a pivotal expansion into structured crypto products for the Nordic exchange, which partners with Deutsche Digital Assets, a subsidiary of Deutsche Bank. Emelie Moritz, Safello's CEO, emphasized the product's role in democratizing access to Bittensor's decentralized AI network, which incentivizes developers and miners through a proof-of-stake model. The ETP's design aligns with broader market trends, including recent Solana and Litecoin ETF launches, signaling institutional confidence in blockchain-AI convergence.

Bittensor's native token has seen robust adoption, with its market capitalization reaching $5.31 billion and a fully diluted valuation of $8.97 billion, as reported by Lookonchain. The network's architecture, which operates as a decentralized platform for AI model development and monetization, has attracted over 200% growth in total value locked year-to-date, according to Coinotag. Industry observers, including DNA Fund's Chris Miglino, compare Bittensor's innovation to Bitcoin's disruption of finance, highlighting its potential to redefine AI's foundational layers.

The ETP's success is further amplified by regulatory clarity and security measures. STAO's cold storage custody and transparent fee structure align with institutional-grade standards, addressing concerns around crypto asset management, as noted in an ETF Express article. Deutsche Digital Assets' white-label platform enabled Safello to streamline compliance and exchange listings, with Maximilian Lautenschläger, DDA's CEO, noting the product's role in bridging traditional finance and decentralized technologies.

Market dynamics suggest sustained momentum for TAO. A 59% surge in 24-hour trading volume to $408 million reflects heightened speculative activity ahead of Bittensor's anticipated halving event in late December, which will cut mining rewards by 50%, per Yahoo Finance. Technical indicators, including a bullish MACD crossover and a Relative Strength Index near 65.7, point to potential for a $600 price level if $540 resistance is breached.

The TAO ETP's launch underscores a maturing crypto investment landscape, where regulated products are attracting both retail and institutional capital. With global ETP inflows surpassing $9.6 billion in Q3 2025, according to a TradingView report, and regulatory advancements in regions like Hong Kong and Europe, the sector is poised for expansion. However, investors must navigate token price volatility and macroeconomic factors, as TAO's recent 4% intraday dip illustrates.

As Bittensor solidifies its position among top-30 cryptocurrencies, the STAO ETP exemplifies how blockchain and AI are reshaping capital markets. With continued innovation in staking mechanisms and decentralized infrastructure, the convergence of these technologies may redefine investment strategies in the AI-driven economy.