Overview of the Rally
Bittensor’s native token TAO experienced a sharp 20% rally in trading sessions following the launch of Europe’s first staked TAO exchange-traded product (ETP).
The new ETP offers market participants a liquid instrument to gain exposure to TAO while automatically accruing staking rewards.
Launch of the Staked TAO ETP
The newly unveiled ETP is listed on a regulated European venue, enabling institutional and retail investors to hold a single share that represents a fractional amount of TAO tokens.
Unlike traditional spot ETPs, this product integrates staking mechanics, transferring on-chain validation duties and rewards directly to holders.
- Automatic staking rewards credited daily
- Fully collateralized by on-chain TAO reserves
- Zero-lockup liquidity—shares can be traded intraday
Immediate Market Impact
In the 24 hours following the ETP debut, TAO’s spot trading volume spiked by over 150%.
With fresh capital flowing into staking products, the token’s price action broke key resistance around the $0.75 level, peaking near $0.90 before a modest pullback.
Halving on the Horizon
Adding to the bullish narrative, Bittensor’s next halving event is now less than two months away.
The protocol’s emission schedule will be cut by 50%, reducing new token supply and potentially amplifying scarcity-driven upside pressure.
Historically, halving events have served as catalysts for crypto asset rallies as reduced inflation meets steady or growing demand.
Many TAO holders are positioning themselves for this supply shock, anticipating appreciation as issuance slows.
Technical and On-Chain Outlook
On-chain data reveals a shrinking exchange supply, with net withdrawals of TAO to staking wallets accelerating.
Technical indicators show the 14-day Relative Strength Index (RSI) hovering near neutral territory, suggesting room for further upside before overbought conditions emerge.
Investor Sentiment and Future Prospects
Sentiment metrics have turned overwhelmingly positive, as social mentions and developer activity both tick higher.
The ability to earn yield via a compliant ETP has lowered barriers for European investors, broadening the base of TAO holders.
Looking ahead, the next milestones for Bittensor include the halving and a potential mainnet upgrade slated for Q3, both of which could further bolster network utility and token value.
As Bittensor’s ecosystem evolves, the convergence of staking rewards, token scarcity, and institutional-grade products is setting the stage for a compelling growth phase.
Whether the current momentum can sustain into the halving period will be a key narrative to watch in the coming weeks.