Bittensor soars as Grayscale's trust injection boosts price

Bittensor (TAO) is experiencing strong bullish momentum, trading at $332.5 with an 8.24% daily increase.

The price movement comes as Grayscale launched the Bittensor Trust with $13 billion in assets under management, a significant development that has injected substantial liquidity into the protocol.

Bittensor's operational outlook also received a boost after reporting $43 million in revenue for Q1 2026, which has improved its operating cash flow and fundamental visibility.