Bittensor, a decentralized AI crypto with a $2.5 billion market cap, is positioned as a diversified bet on the future of AI despite the broader cryptocurrency market downturn.

Bittensor (TAO) has a current market cap of $2.5 billion and operates 128 blockchain subnets (specialized, decentralized marketplaces) focused on distinct AI-related tasks, with Chutes (Subnet 64) being the most popular subnet, providing serverless AI compute at scale.

Nvidia CEO Jensen Huang has praised Bittensor, specifically highlighting a subnet that specializes in training large language models (LLM — AI systems that understand and generate text).

Two Bittensor ETF applications have been filed with the SEC by Bitwise and Grayscale, potentially available by the end of this year; currently, Bittensor can be purchased on cryptocurrency exchanges such as Coinbase Global, with $1,000 allowing purchase of approximately 4.5 TAO tokens.