Crypto ETP Season Heats Up as TAO Joins the Exchange Race

TLDR

• Safello has launched the first-ever Bittensor TAO ETP in partnership with Deutsche Digital Assets.
• The TAO ETP will be listed on the SIX Swiss Exchange on November 19.
• The product carries a management fee of 1.49 percent and includes reinvested staking rewards.
• Bittensor is a decentralized AI-focused blockchain network that rewards developers with TAO tokens.
• The TAO ETP is issued by DDA ETP AG and the tokens are stored in cold storage with a regulated custodian.

Safello has partnered with Deutsche Digital Assets (DDA) to launch the first-ever TAO ETP on the SIX Swiss Exchange. The Safello Bittensor Staked TAO ETP (STAO) will commence trading on November 19, with a management fee of 1.49%.

Safello CEO Emelie Moritz stated, “This is an important milestone for our new business area.” The crypto ETP offers exposure to Bittensor (TAO), a blockchain-based AI protocol. STAO is issued by DDA ETP AG and backed by TAO tokens held in cold storage with a regulated custodian.

The product reflects staking rewards in its Net Asset Value (NAV). These rewards are automatically reinvested and not distributed directly to holders. Safello is positioning STAO as its first product in the crypto ETP market.

Safello and DDA Drive TAO ETP Expansion

The launch of STAO marks the beginning of what appears to be a TAO ETP season. Bittensor is a decentralized network that supports AI development through token incentives. It operates using subnets that are tailored to specific AI tasks and markets.

Developers and validators collaborate in these subnets and earn TAO tokens for their work. The Bittensor protocol aims to decentralize machine learning away from centralized platforms. The network’s open-source structure allows participants to build and monetize models.

DDA supports white-label partnerships to help firms bring crypto ETPs to market. A spokesperson said, “We enable our partners to bring innovative crypto investment strategies to market.” They emphasized that compliance remains central to their issuance process.

DDA ETP AG handles the product issuance and ensures asset custody meets regulatory standards. This structure helps reduce counterparty risks while supporting investor protection. The STAO product is part of a broader trend in the crypto ETP market.

Solana, Litecoin, and Hedera Join the Crypto ETP Season

Bitwise launched its Solana Staking ETF (BSOL) earlier this week with $222.8 million in assets. The fund gives investors Solana (SOL) exposure and estimates a 7% staking yield.

Canary is also entering the crypto ETP season with Litecoin (LTC) and Hedera (HBAR) funds. These are scheduled to begin trading later this week on select exchanges. Grayscale is expected to convert its Solana Trust into an ETF, expanding the crypto ETP lineup. In Hong Kong, authorities approved the city’s first spot Solana ETF last week.

This approval follows prior greenlights for Bitcoin (BTC) and Ether (ETH) ETFs. Crypto ETP season is accelerating with launches across multiple jurisdictions and digital assets. The STAO listing on the SIX Swiss Exchange is scheduled for November 19. TAO was priced at $428.22 at the time of announcement, while SOL stood at $195.35.

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