DDA & Safello Launch Staked TAO ETP on SIX Swiss Exchange
German asset manager Deutsche Digital Assets and Nordic exchange Safello have launched the Staked TAO ETP on the SIX Swiss Exchange under ticker STAO (ISIN DE000A4APQY4). This regulated Bittensor ETP offers physically backed, cold-stored exposure to the network’s TAO token via BitGo Europe, tracking the Kaiko Safello Staked Bittensor Index. The ETP automatically reinvests staking rewards into the NAV, with a total expense ratio of 1.49%. Traders gain price exposure and yield from decentralized AI staking without direct custody. Bittensor, a peer-to-peer AI network with a market cap exceeding $4.3 billion and a current price near $425 (all-time high $767), benefits from broader institutional and retail access, potentially boosting demand for TAO.
Bullish
The launch of the Staked TAO ETP on a major regulated venue like SIX Swiss Exchange is bullish for TAO. In the short term, listing under ticker STAO and a capped 1.49% expense ratio is likely to attract both retail and institutional flows seeking yield and price exposure without custody risk, boosting demand. Over the long term, regulated, physically backed ETPs tend to enhance market confidence and liquidity, driving sustained upward pressure on TAO’s price as more investors gain access to Bittensor’s AI staking ecosystem.