Bittensor experienced a 5.4% price increase after Grayscale and Bitwise filed proposals for spot TAO ETFs on April 28. The filings, which aim to convert existing trusts into ETFs, have sparked increased institutional interest in AI-linked cryptocurrencies, driving trading volume up by over 50%. This move underscores the growing confidence in AI networks within the digital asset space. The December 2025 halving reduced daily TAO emissions from 7,200 to 3,600, tightening supply and supporting price stability. With 67% of tokens staked, only about 3 million TAO remain in circulation. Bittensor's market cap now exceeds $3 billion, with analysts projecting the token could reach between $388 and $472 in 2026. Meanwhile, Worldcoin, with a similar market cap, trades near $0.24, supported by a network of 18 million users and upcoming emission reductions.