- Bittensor (TAO) price surged 21% to $526, breaking a 10-month resistance level
- The rally is driven by the launch of Europe’s first staked TAO ETP (STAO) by Deutsche Digital Assets
- Upcoming halving in December and soaring Open Interest are also fueling the breakout
Bittensor (TAO) price has rallied significantly, breaking a major resistance level. The mid-cap altcoin surged over 21% in the past 24 hours to trade at $526 on November 1, 2025. This move gives TAO a fully diluted valuation of $11 billion and a market cap of $5.37 billion.
According to market aggregate data from Binance-backed CoinMarketCap, TAO’s daily trading volume surged over 108% during the past 24 hours to hover around $940 million.
Why is Bittensor Price Up Today?
Europe’s First Staked TAO ETP Launches
Bittensor has received its first exchange-traded product (ETP). As institutional demand for altcoins rises, European investors can now access TAO via the Safello Bittensor Staked TAO ETP (STAO).
The STAO ETP was launched by Deutsche Digital Assets, a Europe-based crypto asset manager, in collaboration with Safello, a crypto exchange in the Nordic region. The STAO investors will incur an expense ratio of 1.49%, but gain from an exposure to TAO and through staking rewards.
“Bittensor is a prime example of how decentralized technology and AI are converging to reshape the future of value creation. Together with DDA, we’re making it possible for investors to easily access this innovation through a regulated and transparent investment vehicle,” said Emelie Moritz, CEO at Safello.
Related: Grayscale Offers AI Crypto Access (TAO, NEAR, IP, RENDER, FIL, GRT) via New Investment Fund
Halving Event and Bitcoin-Like Tokenomics
The Bittensor network heavily borrows a lot of its philosophical features from Bitcoin (BTC), and Polkadot (DOT) networks. The TAO coin has a maximum supply of 21 million, of which 10.21 million are in circulation.
The first halving event of Bittensor is expected to happen around December 10th, though it may change due to the network’s dynamics. After the first halving event, the daily emitted TAO will drop from 7,200 coins to 3,600 coins, which are distributed through staking programs.
The declining TAO daily inflation amid rising institutional demand is bullish for this altcoin in the long haul.
Technical Breakout Confirmed by Open Interest
Following today’s TAO price rally, it has since broken above a crucial resistance level of around $474. For the past 10 months, the TAO price has attempted to rally above $474 with no success until now.
In the daily timeframe, the TOAUSD pair has more upside momentum, especially with the Relative Strength Index (RSI) still hovering around the 70 level. Furthermore, the TAO’s Open Interest and volume have surged in the recent past, signaling rising demand from speculative traders.
According to market data analysis from CoinGlass, TAO’s OI has surged from $215 million to around $388 million in the past 10 days. On the other hand, TAO’s OI volume has surged from $626 million to about $1.88 billion in the last 10 days.
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Source: https://coinedition.com/bittensor-tao-price-surges-21-after-first-staked-etp-launch/