Bittensor’s token (TAO) experienced a significant price surge of over 21%, following the launch of Europe’s first staked TAO Exchange-Traded Product (ETP), co-launched by Deutsche Digital Assets and Safello. This landmark event has ignited substantial institutional interest, leading to a dramatic rise in trading volume. The ETP’s regulatory compliance signifies trust from financial institutions, driving investor confidence and speculation. 📈
The surge indicates growing institutional engagement with decentralized AI finance and its potential impact on market dynamics. This launch is further bolstered by an upcoming supply-halving event, contributing to the price movement.
Safello CEO Emelie Moritz highlighted the ETP’s significance: “Bittensor is a prime example of how decentralized technology and AI are converging to reshape value creation. This ETP provides investors with unprecedented access to Bittensor’s innovative technology through a transparent and regulated investment vehicle.”. 🤝
With increased financial activity, market cap reached significant billions. The success of this launch promises future technological developments and regulatory enhancements for Bittensor (TAO).
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