important notes
- Following the launch of Europe’s first staked TAO ETP, the price of Bitensor soared 20% to $490.
- Deutsche Digital Assets and Safello have listed Safello Bittensor Staked TAO ETP (STAO) on the Swiss Stock Exchange.
- Investor interest is growing ahead of Bittensor’s upcoming halving, which is expected to reduce block rewards and tighten TAO supply.
Bitensor (TAO) price rose 20% on Friday, October 31st, rising from $414 to $490 after the debut of Europe’s first staked TAO exchange-traded product (ETP).
The rally comes after Deutsche Digital Assets (DDA) and Safello launched the Safello Bittenshal Stake TAO ETP (ticker: STAO) on Wednesday.
According to a report from Coindesk, the new Bittensor ETP is currently traded on major European platforms including the SIX Swiss exchange and offers institutional-grade exposure to TAO, the native token of decentralized AI network Bittensor.
Investors can also benefit from both staking rewards and TAO price appreciation, fully backed by tokens that are cold-stored by a regulated custodian. The company has confirmed a 1.49% management fee covering reinvested staking returns and operating costs for European investors seeking regulated access to the AI token economy.
Bitensor (TAO) price trend on October 31, 2025 | Source: CoinMarketCap
Due to increased interest from institutional investors, Bittensor has established itself as a leading player in the decentralized AI infrastructure space. The latest rally moves TAO into the top 30 cryptocurrencies, with its valuation approaching $5 billion, according to CoinMarketCap data.
Bittensor Half-Life Countdown as of October 31, 2025 | Source: Bittensorhalving.com
In addition to the ETP-led rally, investors are also pricing in the Bittensor halving event, which is expected to take place by the end of 2025. According to data from Bittensorhalving.com, this event will reduce TAO mining rewards by 50% in just over 41 days (from December 10th to December 11th).
TAO’s daily trading volume increased by 59% during the day, reflecting heightened speculative activity surrounding both the halving event and ETP listing, according to data from CoinMarketCap.
Bittensor Price Prediction: Will halving stakes trigger above $600?
On the technical chart, TAO continues to show upside potential. Despite a small pullback over the past week, prices have been consistently forming lows since October 10th, indicating sustained accumulation following the ETP-led breakout.
The Keltner channel band is widening, indicating that the market continues to brace for increased volatility. The Relative Strength Index (RSI) is sitting around 65.7, but a bullish crossover in the MACD suggests there is room for further upside before entering overbought territory.
Bittensor (TAO) Technical Price Prediction |Source: TradingView
Immediate resistance lies at $540, the current 2025 high set by TAO in May. A breakout above $510 would be confirmed by a sustained close above the upper Keltner band, validating a bullish continuation pattern.
On the downside, initial support lies at $460, with a strong demand zone near $430, consistent with the mid-channel trend line. A decisive close below $430 could invalidate the bullish outlook and expose TAO to further correction towards $380.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
Ibrahim Ajibade is an experienced research analyst with a background supporting various Web3 startups and financial institutions. He holds a Bachelor’s degree in Economics and is currently studying for a Master’s degree in Blockchain and Distributed Ledger Technology at the University of Malta.
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