TL;DR
- Virtune listed the Virtune Bittensor ETP on Nasdaq Stockholm, a regulated, physically backed vehicle that offers direct 1:1 exposure to the TAO token.
- The ETP maintains full on-chain collateralization, avoids the use of wallets and self-custody, and applies a 1.95% annual management fee.
- TAO trades around $232 and has a total market capitalization of $2.43 billion.
Virtune launched a new crypto vehicle in the Nordic stock market. The Swedish asset manager listed the Virtune Bittensor ETP on Nasdaq Stockholm, the largest exchange in the region. The product offers direct exposure to the TAO token through a regulated structure, with physical backing and standard operability for traditional brokerage accounts.
Features of the Virtune ETP
The ETP mirrors the value of TAO on a 1:1 basis. Each unit is fully backed by tokens held on-chain under a total collateralization scheme. The structure removes the need for wallet management and direct custody by investors, shifting exposure into a familiar format for funds, family offices, and advanced retail portfolios. Virtune set an annual management fee of 1.95%, in line with other crypto products listed in Europe.
The instrument trades under the ticker VIRTAO, is denominated in Swedish kronor, and operates with the ISIN SE0027098484. From an operational standpoint, it introduces no differences compared to other regulated ETPs: investors can access it like any listed security, with settlement and custody integrated into the exchange infrastructure.
What Does Bittensor Offer?
Bittensor is a decentralized network focused on the development of artificial intelligence through an open marketplace for models, data, and computing power. Users contribute resources to the protocol and receive TAO rewards based on the value of their contributions. The system links economic incentives to verifiable utility, encouraging continuous improvements in AI models and infrastructure.
The asset manager closes 2025 with 21 active products. The firm is focused on the Nordic market and on issuing physically backed crypto ETPs. CEO Christopher Kock stated that the launch will improve access to Bittensor for both institutional and retail investors, without altering security or compliance standards.
The ETP does not introduce hedging or smoothing mechanisms. For investors, the appeal lies in regulatory compliance and access to AI-related investments within a familiar structure. ETPs continue to be the preferred route for integrating specialized crypto assets into traditional financial infrastructure.
According to the latest CoinMarketCap data, Bittensor (TAO) trades at around $232 per unit. The token shows a slight decline of 0.6%. Its total market capitalization stands at $2.43 billion, and its trading volume exceeds $188 million
