Safello's TAO ETP listed on the Swiss Stock Exchange
Jinse Finance reported that cryptocurrency exchange Safello announced that its physically backed and staked TAO exchange-traded product (ETP) has been listed on the SIX Swiss Exchange. This ETP is now available for trading on European trading platforms and online brokers. The Safello Bittensor Staked TAO ETP is issued by DDA ETP AG under a cooperation agreement signed earlier this year, and is now listed on the SIX Swiss Exchange, trading in US dollars. Trading began at market open, with the trading code STAO and a management fee of 1.49%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

Jefferies raises Tesla's target price to $400
Goldman Sachs (GS.US) stock plunges 22% into bear market, financial report becomes the key to a breakthrough
Goldman Sachs' market value evaporated by several billions, with its share price down more than 22% from the year's high. Despite Q3 revenue exceeding expectations, a 41% drop in M&A activity and a slowdown in IPOs have dampened market sentiment. Analysts project a 12% revenue increase in Q4, but technical indicators suggest there is further downside risk to $783. Rumors about management transitions have also drawn attention.
Delivery soared by 85% but failed to prevent the death cross; Rivian (RIVN.US) dilution risk sparks panic
Despite the R2 model driving an 85% year-on-year increase in deliveries, Rivian's stock price continues to decline due to technical death cross, high short interest, and risks of equity dilution, facing a severe market test.
