TAO Connects Conventional and Decentralized AI, Price Hits Highest Point in 10 Months

Bittensor (TAO) climbed to a 10-month peak of $539 on November 1, 2025, following the debut of Europe's inaugural staked

Exchange Traded Product (STAO) on Swiss trading platforms. Created by Deutsche Digital Assets in collaboration with Safello, this product allows investors to benefit from TAO’s price movements and a 10% annual staking yield, with a management fee of 1.49%, as reported by . The ETP, available on six Swiss exchanges, is fully backed by TAO tokens held in cold storage, serving as a bridge between conventional finance and decentralized AI, and drawing in institutional investors, Coinotag stated.

The price surge came after a 23.62% increase within 24 hours, with trading volume soaring 109% to $950 million as buyers entered the market aggressively. Coinalyze spot data revealed a buy-sell delta of 41,000 units, indicating robust demand after the news broke, according to Coinotag. Derivatives trading also intensified, with futures open interest jumping 64.8% to $446.28 million and net inflows reaching $28.53 million, reflecting bullish market sentiment. CoinGlass data confirmed this trend, showing a 7.91% rise in TAO futures open interest to $331.65 million over the same period, and an OI-weighted funding rate of 0.0020%, up from -0.0022% the day before, as mentioned in an

.

The introduction of the ETP coincides with rising institutional interest in Bittensor’s decentralized AI ecosystem. The STAO ETP from Deutsche Digital Assets and Safello builds on existing momentum, including a $10 million TAO purchase by Yuma CEO Barry Silbert and increasing staking participation. As of October 31, 19.99% of staked TAO (1.44 million tokens) had been exchanged for

tokens, up from 17.63% at the start of October, indicating a greater appetite for risk, FXStreet reported.

Technical analysis further supports the bullish outlook. TAO broke through a $474 resistance that had held for 10 months, with the Relative Strength Index (RSI) at 70 and a Sequential Pattern Strength of 35, both pointing to strong buying momentum, according to

. The Moving Average Convergence Divergence (MACD) indicator also diverged from the signal line on the 4-hour chart, avoiding a bearish crossover as the price tested the $451 pivot, FXStreet added.

Analysts point to further drivers, such as Bittensor’s upcoming halving event on December 10, which will cut daily emissions from 7,200 to 3,600 TAO, potentially tightening supply, CoinEdition noted. Meanwhile, TAO’s market cap reached $5.37 billion, with a fully diluted valuation of $11 billion, fueled by an 18.76% daily jump to $520 according to HTX data, as reported by

.

Despite the rally, there are still risks of profit-taking. CoinGlass recorded a $7.05 million spot netflow at the time of reporting, down from $18.12 million the previous day, suggesting some holders are selling, Coinotag observed. Nevertheless, ongoing institutional inflows and positive derivatives data, including a 1.038 long-short ratio on Binance, point to continued demand, Coinotag added.