Gate News, March 20 — On March 19, Safello listed the Bittensor Staked TAO Exchange-Traded Product (ETP) on Nasdaq Stockholm through a cross-listing, aiming to provide Nordic investors with a more convenient trading channel that allows them to trade using Swedish Krona. Previously, this ETP was only listed on the Swiss SIX Exchange, fully backed by physical assets, with on-chain staking rewards reinvested into its net asset value. This cross-listing is a result of collaboration between Safello and DDA ETP AG, offering Swedish investors regulated exposure to the Bittensor (TAO) network. Safello has obtained the Crypto Asset Market Regulatory Framework (MiCA) authorization and serves over 423,000 users. The management fee for this ETP is 1.49%. This move marks Safello’s introduction of the TAO ETP into its domestic market, enabling both retail and institutional investors to allocate capital.
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