Bittensor (TAO) has experienced a 12% price increase, reaching $475, following the introduction of a liquid staked TAO token and Grayscale's filing for a Bittensor Trust. The new token, vTAO, enables users to earn rewards while maintaining liquidity, with support across Ethereum, Base, and Arbitrum networks. Grayscale's recent Form 10 filing on October 12 suggests a potential move towards establishing an exchange-traded fund for TAO, further boosting investor interest and contributing to the cryptocurrency's recent price surge.