Why is the price of the Bittensor (TAO) cryptocurrency soaring today?

• TAO surpasses US$500 after the release of a European ETP.
• TAO halving in December could reduce supply by 50%.
• Institutional interest grows with regulated staking.

The Bittensor (TAO) token has seen a significant increase in value over the past 24 hours, trading at US$528,63, up 18% at the time of publication. The asset has surpassed the US$500 mark and solidified its position among the market's top performers. In recent weeks, TAO has accumulated gains exceeding 40%, attracting investors interested in the rapid growth of AI-focused tokens.

While Bitcoin holds support above $110 and Ethereum remains stable around $3.800, Bittensor is advancing on its own merits, demonstrating resilience even in the face of recent cryptocurrency market fluctuations. TAO's performance reinforces the perception that the project continues to attract consistent institutional and speculative attention.

The main reason for this increase was the launch of the first TAO exchange-traded product (ETP) with staking in Europe. Safello, in partnership with Deutsche Digital Assets, debuted the Safello Bittador Staked TAO ETP (STAO) on the SIX Swiss Exchange, offering investors regulated exposure to the Bittensor ecosystem and also distributing staking rewards.

This launch is considered a milestone for the institutional recognition of the token. The new investment option provides European investors with simplified access to TAO, strengthening the legitimacy of the decentralized artificial intelligence network and expanding the asset's liquidity in the global market.

Beyond the impact of the ETP, optimism is driven by the approach of Bittensor's first halving, scheduled for early December 2025. The event will reduce daily TAO emissions by 50%, decreasing the circulating supply and potentially increasing demand for the asset.

According to analysts, this combination of factors is shaping an environment of sustainable appreciation. A crypto asset expert commented on X that the token is already showing "gains of around 40% and a continued upward trend," indicating a possible long-term technical reversal.

Another analysis published on October 28 reinforced the positive sentiment, pointing out that the price of Bittensor could reach new records if the current momentum is maintained until the halving scheduled for December.