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Deutsche Digital Assets and Safello to List Staked Bittensor ETP

Deutsche Digital Assets and Safello are set to introduce the Safello Bittensor Staked TAO ETP (STAO) on the SIX Swiss Exchange, allowing investors to gain exposure to the Bittensor cryptocurrency linked to decentralized artificial intelligence. The new ETP, launching in the coming weeks, will be physically backed by TAO tokens secured in cold storage with a regulated custodian. Investors will benefit not only from price movements of TAO but also from staking rewards that are automatically reinvested, with a cap on fees at 1.49%. Interest in Bittensor is increasing, as it rewards users for providing data and computing power for diverse tasks. Safello CEO Emelie Moritz highlighted the synergy between decentralized technology and AI, emphasizing the innovative investment vehicle that allows easy access to this convergence.

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