Bittensor ETP: Safello and Deutsche Bank Unveil a Groundbreaking Crypto Investment on SIX Swiss Exchange
Crypto investors continually seek innovative opportunities. A significant development just occurred in the digital asset market. Nordic crypto exchange Safello is entering the exchange-traded product (ETP) sector. They partnered with Deutsche Digital Assets (DDA), a crypto asset manager. This collaboration brings forth the first-ever Bittensor (TAO) ETP. This new **Bittensor ETP** offers a fresh avenue for investors.
Groundbreaking Bittensor ETP Arrives on SIX Swiss Exchange
Safello, in partnership with DDA, officially launched the Safello Bittensor Staked TAO ETP (STAO). This marks a pivotal moment for digital asset investment. The ETP is scheduled to list on the **SIX Swiss Exchange** on November 19. This listing provides regulated access to Bittensor. Notably, Germany’s **Deutsche Bank** backs DDA, adding substantial credibility. The product aims to increase accessibility to Bittensor (TAO). Furthermore, it offers investors direct exposure to this innovative network. It also includes staking rewards, enhancing its appeal.
Unpacking the Safello Deutsche Bank Collaboration
The **Safello Deutsche Bank** collaboration is a strategic move. Safello is expanding its business area significantly. Emelie Moritz, CEO of Safello, emphasized this milestone. “This is an important milestone for our new business area,” she stated. The ETP features a 1.49% management fee. DDA ETP AG issues the product. Bittensor (TAO) tokens back the ETP. These tokens are held securely in cold storage. A regulated custodian manages these assets. Consequently, investors gain peace of mind regarding security. Moreover, staking rewards are automatically reinvested into the product. This process boosts its Net Asset Value (NAV). The **Bittensor ETP** stands out by offering both exposure and yield.
Understanding Decentralized AI with Bittensor
Bittensor represents a frontier in **decentralized AI**. It operates as an open-source machine learning network. This network allows developers to build and monetize AI models. They achieve this without relying on centralized institutions. Its ecosystem uses specialized subnets. These subnets function as individual marketplaces. They cater to specific AI use cases. Developers, miners, and validators collaborate within these subnets. They earn rewards in TAO tokens for their contributions. Chris Miglino, co-founder and CEO of DNA Fund, shared an important perspective. He believes decentralized AI systems like Bittensor will drive the next major technological growth phase. He compared its potential impact to Bitcoin’s influence on money. The DDA spokesperson highlighted the launch’s alignment with their strategy. DDA aims to be an independent ETP issuer. They also serve as a white-label partner. This enables partners to bring innovative strategies to market. It also ensures compliance with regulatory standards.
The Expanding Crypto ETP Landscape
The market is currently experiencing a surge in **crypto ETP** launches. Bitwise’s Solana Staking ETF (BSOL) debuted recently. It quickly amassed $222.8 million in assets. This fund provides Solana (SOL) exposure. It offers an estimated 7% staking yield. Additional ETFs are also launching this week. These include Canary’s Litecoin (LTC) and Hedera (HBAR) funds. Furthermore, Grayscale’s Solana Trust is expected to convert into an ETF. Hong Kong recently approved its first spot Solana ETF. This follows its earlier approvals for Bitcoin (BTC) and Ether (ETH) ETFs. These global developments underscore a growing institutional interest. They also indicate increasing mainstream adoption for regulated crypto investment products. The **SIX Swiss Exchange** continues to be a key venue for these innovative listings.
