Grayscale filed for the first U.S. Bittensor ETF, pushing TAO above $220.
TAO must hold $220 and break $250 to target a $300 rally in January.
The filing follows Bittensor’s halving, which reduced daily TAO issuance by 50%.
Bittensor’s native token TAO jumped above the $220 level after Grayscale Investments filed for the first-ever U.S. exchange-traded fund tied to the Bittensor ecosystem, reigniting bullish sentiment across the market.
TAO gained momentum within 24 hours of the filing, as traders began speculating on a potential rally toward the $300 mark by early January 2026. The move coincided with a broader crypto market rebound, which pushed total market capitalization up 1.04% to $2.99 trillion.
Major cryptocurrencies traded firmly, with Bitcoin holding above $88,000 and Ethereum near $2,900. Altcoins including BNB, XRP, SOL, DOGE, and ADA also posted modest gains, improving overall market confidence and strengthening demand for emerging AI-linked tokens like
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