Deutsche Digital Assets and Safello to Launch Staked Bittensor ETP
- The Safello Bittensor Staked TAO ETP will be listed on the SIX Swiss Exchange under the ticker STAO.
- The ETP provides exposure to TAO, currently priced at $422.41, a cryptocurrency associated with decentralized artificial intelligence.
- Investors will benefit from both TAO’s price movements and staking rewards, with a maximum fee of 1.49%.
- The product is backed by TAO tokens stored in cold storage managed by a regulated custodian.
- The Safello Bittensor Staked TAO ETP tracks the Kaiko Safello Staked Bittensor Index (KSSTAO).
This new investment vehicle aims to make it easier for investors to access innovations in decentralized technology and AI through a regulated platform. Interest in Bittensor continues to grow as it rewards contributions of data and computing power for various tasks.
With the launch of the STAO ETP, investors can expect returns based on both price movements of TAO and staking rewards reinvested into the fund, enhancing their investment potential.(Source)
