Bittensor (TAO) is poised for its first halving in 40 days, which will cut daily token emissions from 7,200 to 3,600. This reduction is expected to remove over 1.3 million TAO from the market annually, valued at approximately $450 million at current prices. The event has spurred increased interest, with Grayscale boosting its TAO holdings and subnet tokens gaining listings on centralized exchanges. Additionally, the European launch of a TAO Staked ETP has significantly increased spot trading volume, nearing $950 million, as institutional investors show growing interest in this decentralized AI asset. The halving is anticipated to create a supply shock in the market, potentially impacting TAO's price dynamics.