Overview
- TAO surged 18–20% to about $490 on Oct. 31 and then reached a 10‑month high near $539 on Nov. 1, with the price hovering around $528.
- The Safello Bittensor Staked TAO ETP from Deutsche Digital Assets began trading on European venues including the SIX Swiss Exchange, offering institutional-grade exposure that reinvests staking rewards into NAV.
- The product is secured in BitGo Europe cold storage, is domiciled in Liechtenstein, and carries a 1.49% management fee disclosed by the issuer.
- TAO’s market value neared $5 billion, placing it among the top 30 cryptocurrencies, while daily trading volume rose roughly 59% on Oct. 31 and later saw additional spikes across spot and derivatives markets.
- Investors point to an early–mid December halving that will cut TAO mining rewards by 50%, with charts highlighting resistance around $510–$540 and support near $430–$460.