Virtune Lists Spot Bittensor (TAO) ETP on Nasdaq Stockholm
Virtune, a Sweden-regulated digital asset manager, launched a spot Exchange-Traded Product (ETP) tracking Bittensor’s TAO token on Nasdaq Stockholm on December 19, 2025. The ETP (ticker VIRTAO) provides regulated, broker-accessible 1:1 physical exposure to TAO without direct custody or private-key management and trades in Swedish kronor. Virtune markets the product as low-fee, secure and convenient. The listing follows a staked Bittensor ETP introduced by Deutsche Digital Assets on Switzerland’s SIX in October, but Virtune’s offering is aimed at wider Nordic distribution and benefits from EU/EEA regulatory standing. At publication TAO traded around $228. The ETP carries issuer counterparty risk and mirrors TAO’s inherent volatility; it also has a management fee (reported previously at 1.95%). The launch increases institutional and retail access to an AI-focused crypto asset, which may boost TAO liquidity and mainstream recognition. For traders, the listing could cause short-term upward pressure from new demand but does not remove token volatility — risk management is advised.
Bullish
The listing of a spot TAO ETP on Nasdaq Stockholm is likely bullish for TAO price in both the short and medium term. Short-term, regulated exchange listings typically draw new demand from institutional and retail investors who previously could not access the token easily — this can create buying pressure and improved liquidity that pushes prices up. The Nasdaq listing expands distribution to Nordic broker channels and benefits from EU/EEA regulatory standing, increasing the pool of potential buyers versus the earlier Swiss staked ETP. Medium-term effects could remain positive as easier access and greater visibility support adoption and deeper markets, reducing bid-ask spreads and enabling larger trades with less slippage. However, the bullish case is moderated by several factors: the ETP mirrors TAO’s inherent volatility, issuer counterparty risk persists, and the management fee may slightly reduce net inflows compared with zero-fee options. Traders should expect heightened intra-day and event-driven volatility around the listing and initial flows; prudent position sizing and stop-loss discipline are advised. Overall, the net effect on TAO price is expected to be positive but not guaranteed — volatility will remain a key risk.