Swedish digital asset manager Virtune has listed a Bittensor (TAO) spot Exchange-Traded Product on Nasdaq Stockholm, with the listing announced on December 19. The ETP provides regulated, broker-accessible exposure to TAO’s price without requiring investors to hold the token or use a crypto wallet. Virtune’s product is explicitly a spot ETP and does not currently include staking rewards, which contrasts with a separate staked product launched on the Swiss SIX exchange by Deutsche Digital Assets in October.
Summary — what Virtune announced
Virtune announced the Nasdaq Stockholm listing on December 19, making a Bittensor (TAO) spot ETP available on the largest Nordic stock exchange. The product is structured to mirror TAO’s market price and is purchased through traditional brokerage accounts rather than crypto exchanges. For regulated-market investors this creates a familiar route to TAO exposure while avoiding direct token custody.
- Date and exchange: listing announced on December 19th on Nasdaq Stockholm.
- Product type: a Bittensor (TAO) spot Exchange-Traded Product (ETP) bought via stock broker.
- Why it matters: offers regulated access to TAO through traditional financial channels.
What is Bittensor (TAO) and the ETP structure
Bittensor is a decentralized network where machine-learning models interact, and TAO is the network’s native token. An ETP provides a way to gain exposure to TAO’s price movements without holding the token directly, because the product is traded on an exchange like a security. That means you buy and sell the ETP through your broker, you do not need a crypto wallet, and you do not receive direct custody of TAO tokens when owning the ETP.
Virtune’s Nasdaq-listed product is a spot ETP and therefore does not pay staking rewards. By contrast, the product introduced by Deutsche Digital Assets on the SIX exchange is described as a “Staked” ETP and may include staking rewards for holders.
Key details of the Nasdaq Stockholm listing
The issuer is Virtune, a Swedish regulated digital asset manager that creates crypto investment products for traditional markets. Nasdaq Stockholm is identified as the largest Nordic stock exchange, giving the listing broad regional visibility. For market context, TAO traded around $228 at the time of writing, indicating current price interest in the token.
Comparison with the SIX/DDA staked ETP
The Nasdaq Stockholm listing follows a similar Bittensor product introduced on the Swiss SIX exchange in October by Deutsche Digital Assets. The main structural difference is that Virtune’s offering is a spot ETP without staking, while DDA’s SIX product is a staked ETP that may distribute staking rewards to investors. These differences affect how returns are delivered and what investors should expect from each product.
When choosing between spot and staked ETPs, investors should consider whether they want potential staking rewards and weigh that against product terms and issuer specifics. Availability and counterparty arrangements can vary between exchanges and issuers, so those details matter for investor decisions.
How investors can access the ETP and what risks apply
To access Virtune’s Nasdaq-listed Bittensor ETP you must use a stock broker that lists the product on Nasdaq Stockholm; it is not bought on crypto exchanges. Because the ETP is a market security, investors do not hold TAO tokens or use crypto wallets, and the product’s price performance simply mirrors TAO’s market price. Availability to investors outside Sweden depends on your broker and local regulations.
- Access: buy via a traditional broker offering the Nasdaq Stockholm listing.
- No token custody: ownership is of the ETP security, not of TAO tokens; no wallet is required.
- Risks: the ETP carries the same market volatility as TAO and includes issuer/counterparty risk and jurisdictional availability limits.
Why this matters (for a miner in Russia)
If you run between one and a thousand mining devices in Russia, this listing does not change how you operate your rigs or validate blocks on the Bittensor network. Mining remains a technical process independent of how financial markets offer exposure to a token, so your setup, power use and hardware choices are unchanged by this ETP listing.
However, if you sell mined TAO or consider converting tokens into fiat, the Nasdaq-listed ETP offers an alternative route to exposure or price hedging through brokers rather than crypto exchanges. Keep in mind that Virtune’s product is spot-only and does not deliver staking rewards, so miners seeking reward-like income should compare it with staked products such as the DDA offering on SIX.
What to do (clear steps for miners in Russia)
Decide whether you need brokerage access to TAO exposure or prefer holding tokens directly. If you plan to use the ETP for price exposure, check with your broker about access to the Nasdaq Stockholm listing and confirm whether they support trading for your account jurisdiction. Also verify whether trading the ETP fits your tax and reporting needs under local rules.
- Contact your broker to confirm access to the Nasdaq Stockholm listing and any eligibility limits.
- If you need staking rewards, compare spot ETPs with staked ETPs (DDA on SIX) before choosing a product.
- Decide whether to sell mined TAO on crypto venues or convert exposure via an ETP, considering custody and counterparty trade-offs.
FAQs
How do I buy the Bittensor ETP on Nasdaq Stockholm?
You buy it through a stock broker that lists the Nasdaq Stockholm product; it is not available via crypto exchanges. Check with your broker to see if they provide access to this particular listing and whether your account is eligible.
Do I own TAO tokens when I buy the ETP?
No. Buying the ETP gives you a security that tracks TAO’s price, not the underlying tokens. You do not need a crypto wallet to hold an ETP.
Does this ETP pay staking rewards?
Virtune’s Nasdaq-listed product is a spot ETP and does not currently incorporate staking rewards. The DDA product on the SIX exchange is a staked ETP and may include rewards.
Is the ETP available outside Sweden?
Availability depends on your broker and local regulations. Although it is listed on a major Nordic exchange, not all international brokers will necessarily offer the product to every jurisdiction.
What are the main risks?
ETPs track the underlying asset’s price and therefore carry the same market volatility as holding TAO directly. The product also exposes investors to issuer or counterparty risk and to limits set by broker access and local regulation.
For wider context on recent ETP developments and exchange listings, see related coverage such as SEC standards and reports on expanding exchange listings like NYSE listings.
