Market News

Bittensor Staked TAO ETP Launches: A New Era in Digital Asset Investment

Deutsche Digital Assets (DDA) has announced the launch of the Safello Bittensor Staked TAO ETP on the SIX Swiss Exchange.

This innovative exchange-traded product allows investors regulated access to Bittensor’s TAO token while offering staking rewards.

Backed by physical TAO tokens stored in secure cold storage with the regulated custodian BitGo Europe GmbH, the ETP ensures compliance and safety for investors.

The ETP, trading under the ticker STAO, features a competitive total expense ratio of 1.49%, providing total returns from TAO's price appreciation and staking yields.

This strategic launch highlights the growing intersection of blockchain technology and decentralized AI, with Bittensor positioning itself at the forefront of this trend.

Safello's CEO, Emelie Moritz, emphasizes the launch as a critical development in reshaping traditional value creation through innovative investment vehicles.

With a market cap recently surpassing $4.3 billion, Bittensor's popularity reflects an increasing interest in AI-driven digital assets.

The introduction of the STAO ETP signifies a pivotal shift in how investors can engage with the potential of decentralized technologies in a regulated framework.

As the digital asset landscape evolves, the Safello Bittensor Staked TAO ETP represents a significant opportunity for portfolio diversification.

This advancement underscores the potential for significant growth in the integration of AI and blockchain in the investment universe.