Bittensor Token Gains Attention with xTAO’s Investment and Grayscale’s New Fund

The crypto market has seen significant developments concerning Bittensor, a cryptocurrency that has recently attracted attention from major players in the industry. On July 30, 2025, xTAO, a prominent company in the crypto space, announced its position as the largest publicly traded holder of Bittensor’s token, TAO. This strategic move is part of xTAO’s broader plan to utilize its TAO treasury to earn yield and build infrastructure for Bittensor, as reported by cryptopanic.com and thedefiant.io.

Market Context and Performance

Bittensor’s token, TAO, has been part of a broader crypto market that experienced a notable decline over the past 24 hours, with a drop of almost 2%. According to a crypto price analysis by cryptodaily.co.uk, Bitcoin (BTC) and other major cryptocurrencies traded in the red. BTC, for instance, traded around $118,000 but fell to a low of $117,527 before rebounding to $118,933, marking a 0.60% decline during the session. Ethereum (ETH) faced even greater selling pressure, dropping nearly 3% to trade around $3,816. Other cryptocurrencies like Ripple (XRP), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) also registered substantial declines.

Grayscale’s Decentralized AI Fund

In another significant development, Grayscale launched a decentralized AI fund that includes TAO among other tokens like NEAR and Render. This fund, as reported by cryptobriefing.com, offers accredited investors exposure to the intersection of AI and crypto, highlighting the growing interest in decentralized technologies within the AI sector.

Bittensor Fundamentals

As of July 29, 2025, Bittensor’s close price stood at $372.71. The token reached its 52-week high of $741.291 on December 5, 2024, and its 52-week low of $165.741 on August 4, 2024. Bittensor’s market capitalization is currently $3,584,827,454.07.

These developments underscore the increasing integration of cryptocurrencies like Bittensor into broader financial and technological ecosystems, driven by strategic investments and innovative financial products.