Safello & DDA Debut Bittensor ETP on SIX Swiss Exchange
Nordic crypto exchange Safello, in partnership with Deutsche Digital Assets (DDA), will debut the Safello Bittensor Staking ETP (STAO) on the SIX Swiss Exchange on November 19. The product, with a 1.49% management fee, holds TAO tokens in cold storage and automatically reinvests staking rewards into its net asset value. This Bittensor ETP offers regulated exposure to Bittensor’s decentralized AI network, which rewards developers, miners and validators in TAO. The launch marks DDA’s push to become a leading crypto ETP issuer and white-label partner and follows a wave of new crypto ETPs, including Solana, Litecoin and Hedera funds. TAO’s price fell over 4% in the 24 hours before the announcement, making market watchers cautious as the Bittensor ETP trading commences.
Bullish
Launching a regulated Bittensor ETP on the SIX Swiss Exchange is likely to bolster demand for TAO by opening access to institutional and retail investors. The automatic reinvestment of staking rewards and DDA’s strategic move to lead as a crypto ETP issuer add credibility to the product. Although TAO saw a 4% price dip ahead of the announcement, the new ETP’s liquidity, regulated exposure and broader market visibility are expected to generate bullish sentiment. In the short term, price may remain volatile around the listing, but over the medium to long term, enhanced accessibility and staking yield reinvestment should support TAO’s upward trajectory.