Bittensor's TAO token has surged 18% in the last 24 hours, reaching an intraday high of $490, making it the top gainer in the market. This price increase comes after the launch of the world's first staked Bittensor Exchange Traded Product (ETP) on October 29 by Deutsche Digital Assets and Safello. The ETP, secured by BitGo Europe and based in Liechtenstein, aims to connect traditional finance with decentralized AI, potentially attracting European institutional investors. Market analysts indicate that if TAO maintains a close above $500, it could rise to $700, especially if it breaks its year-long downtrend. The launch of the ETP is seen as a significant step in integrating decentralized AI with mainstream financial markets.