Deutsche Digital Assets Plans Bittensor Staked ETP Launch on SIX Swiss Exchange
Deutsche Digital Assets Plans New ETP
- Deutsche Digital Assets aims to list Bittensor Staked TAO ETP (ticker: STAO) on the SIX Swiss Exchange.
- The company is collaborating with Nasdaq Nordic-listed broker Safello.
- The ETP will provide exposure to TAO, linked to decentralized AI, and is backed by TAO tokens held in cold storage.
Investment Details
- Investors receive returns based on TAO's price movements and staking rewards, which are automatically reinvested.
- The fund charges a maximum fee of 1.49%.
Market Context
- A similar product, Grayscale Bittensor Trust, was launched in July 2025.
- Bittensor's current trading price is $429.47, down 3.3% in the last 24 hours.
Growing Institutional Interest
- Bittensor is gaining popularity among institutional investors for its decentralized AI network.
- It handles tasks like text translation, fraud detection, and image recognition.
- Companies like Synaptogenix and Oblong have announced significant TAO acquisitions, indicating rising interest.