Virtune launches Bittensor ETP on Nasdaq Stockholm

According to TechFlow, on December 19, Virtune AB disclosed that the Swedish regulated digital asset management company Virtune announced the launch of the innovative cryptocurrency exchange-traded product Virtune Bittensor ETP on the Stockholm Stock Exchange.

This product is a physically-backed exchange-traded product designed to provide investors with a secure and cost-effective way to gain exposure to Bittensor (TAO). The product adopts a transparent physical backing structure and offers institutional-grade security.

Product details include: 1:1 exposure to Bittensor, 100% physically backed by TAO, with an annual management fee of 1.95%. The trading code is VIRTAO, denominated in Swedish Krona, and trading begins on December 19.

Virtune CEO Christopher Kock stated that this is the 21st product launched by the company, providing institutional and retail investors with a secure and direct way to gain exposure to TAO.