The Swedish financial regulator approved a new exchange-traded product for Bittensor on Nasdaq Stockholm in December. The ETP developed by Virtune AB is listed under the symbol VIRTAO and offers investors direct access to TAO with an annual management fee of 1.95%.
What is the Virtune Bittensor ETP?
The product is fully backed by TAO tokens and traded in Swedish Krona. The structure allows institutional and private investors to participate in the Bittensor blockchain without having to custody cryptocurrencies themselves. Virtune AB acts as a regulated asset manager and handles the custody of the digital assets.
Strong Market Interest in Bittensor
Blockchain analyses indicate a growing interest in the TAO network. With a current price of approximately $286.70 per TAO token, this underscores the relevance of Bittensor as a decentralized machine learning network. The introduction of the ETP on one of Europe’s leading exchanges signals increasing institutional acceptance of crypto assets.
Why is the ETP Important?
Traditional investment structures like exchange-traded products provide easy market access. The Bittensor ETP addresses the growing demand for secure and transparent investment opportunities in digital assets without the complex management of private keys. For European investors, this crypto ETP offers a regulated alternative to direct token holding.
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Crypto ETP for Bittensor launches on Nasdaq Stockholm – TAO in focus
The Swedish financial regulator approved a new exchange-traded product for Bittensor on Nasdaq Stockholm in December. The ETP developed by Virtune AB is listed under the symbol VIRTAO and offers investors direct access to TAO with an annual management fee of 1.95%.
What is the Virtune Bittensor ETP?
The product is fully backed by TAO tokens and traded in Swedish Krona. The structure allows institutional and private investors to participate in the Bittensor blockchain without having to custody cryptocurrencies themselves. Virtune AB acts as a regulated asset manager and handles the custody of the digital assets.
Strong Market Interest in Bittensor
Blockchain analyses indicate a growing interest in the TAO network. With a current price of approximately $286.70 per TAO token, this underscores the relevance of Bittensor as a decentralized machine learning network. The introduction of the ETP on one of Europe’s leading exchanges signals increasing institutional acceptance of crypto assets.
Why is the ETP Important?
Traditional investment structures like exchange-traded products provide easy market access. The Bittensor ETP addresses the growing demand for secure and transparent investment opportunities in digital assets without the complex management of private keys. For European investors, this crypto ETP offers a regulated alternative to direct token holding.