Overview
- Trading on the SIX Swiss Exchange is expected to begin in the next couple of weeks under the ticker STAO, according to the firms.
- The product is physically backed by TAO held in cold storage with a regulated custodian, with CoinJournal reporting BitGo Europe GmbH as the safekeeper.
- The ETP is a total return vehicle that tracks the Kaiko Safello Staked Bittensor Index (KSSTAO) and automatically reinvests staking yields.
- Fees are capped at a total expense ratio of 1.49%, aligning the structure with familiar exchange-listed crypto products favored by institutions.
- The announcement adds to growing institutional productization of Bittensor, yet TAO showed a muted reaction, with prices down roughly 3% over 24 hours per CoinMarketCap data cited by Coinspeaker.