Bittensor TAO Rises 27% in First Week of 2026 After Grayscale ETF Filing

Beincrypto reported that Bittensor’s TAO token jumped about 27% during the first trading week of 2026 after Grayscale filed to launch a US ETF focused on Bittensor, a development the outlet said acted as a catalyst for renewed institutional interest in decentralized AI assets.

On-chain holder data shows most wallets that accumulated TAO within the past seven months remain underwater or only marginally profitable, which limits near-term selling incentives and mutes supply pressure. Momentum indicators are improving but not yet conclusive: the Money Flow Index is approaching the neutral threshold, and a sustained move above it would indicate buyers are regaining control. The report also notes that historically TAO has recovered after testing the $217 support zone, with prior rebounds leading to advances that approached or exceeded $500.

At the time of writing TAO traded near $278 after a brief 5% pullback over 24 hours, keeping the week-long gain at 27%. Immediate resistance sits at $312, which the analysis says must be reclaimed and turned into support before establishing higher supports at $335 or $412 to sustain a push toward $500; a rise in selling could push TAO below $263 or back to $217 and invalidate the bullish case. The piece cautions the price analysis is for informational purposes and not financial advice.

Key Topics

Crypto, Bittensor, Tao Token, Grayscale, Bittensor Etf, Decentralized Ai