Crypto ETP season？ Safello, Deutsche Digital Assets to launch first TAO ETP on SIX Swiss Exchange

Safellos TAO ETP joins a new wave of crypto ETFs hitting global markets, with fresh Solana, Litecoin and Hedera fund launches across the US and Hong Kong.　　Nordic crypto exchange Safello is entering the exchange-traded product market with the launch of the first-ever Bittensor (TAO) ETP, developed in partnership with Deutsche Digital Assets (DDA), a crypto asset manager.　　The Safello Bittensor Staked TAO ETP (STAO) is scheduled to list on the SIX Swiss Exchange on Nov. 19, with a 1.49% management fee, according to a Wednesday announcement.　　“This is an important milestone for our new business area,” said Emelie Moritz, CEO of Safello. “The Safello TAO ETP will, as the first product from Safello, increase accessibility to Bittensor – one of the most exciting networks at the intersection of blockchain and AI.”pß　　Issued by DDA ETP AG, the product is backed by Bittensor (TAO) tokens held in cold storage with a regulated custodian. Investors will also receive staking rewards, which are automatically reinvested into the product and reflected in its Net Asset Value (NAV).　　The TAO price has gone down over 4% in the past day. Source: CoinMarketCap　　Blockchain for AI builders　　Bittensor is a decentralized, open-source machine-learning network that allows developers to build and monetize AI