Virtune Launches Fully Backed Bittensor TAO ETP on Nasdaq Stockholm

Source: CryptoTale Original Title: Virtune Opens Nasdaq Stockholm Trading for Bittensor TAO ETP Original Link: Virtune, a regulated digital asset manager based in Sweden, has launched a new exchange-traded product linked to Bittensor on Nasdaq Stockholm. The listing gives investors regulated exposure to the TAO token through a physically backed structure. The product, called Virtune Bittensor ETP, started trading on December 19, 2025, under the ticker VIRTAO with Swedish krona (SEK) as its trading currency.

Product Details and Market Access

The ISIN assigned to the product is SE0027098484. Virtune said the ETP offers 1:1 exposure to Bittensor (TAO) and remains fully backed by held TAO tokens. The company has set the annual management fee at 1.95%, aligning with similar crypto ETPs listed in Europe.

Each unit of the ETP corresponds directly to the TAO held by the issuer. The product structure allows investors to gain exposure without holding the asset directly. Trading occurs through standard brokerage accounts rather than crypto wallets.

This listing marks Virtune’s 21st exchange-traded product. Presently, Virtune’s crypto ETPs are limited to a few Nordic markets, where it already has a spectrum of single-asset ETPs.

Bittensor is a decentralized ecosystem focused on AI growth, accomplished by allowing participants to contribute machine learning models, raw data, or computing capabilities. The system marries rewards with the authenticity of performance in the network. The ETP listing links traditional money market paradigms with an AI-centric blockchain, opening regulated access to the Bittensor network for more investors.

TAO Market Conditions at Time of Launch

TAO traded lower over the past 24 hours during the announcement period. The token was priced at $227.47, reflecting a 1.5% daily decline. TAO fell from levels near $230.75 earlier in the session before stabilizing.

TAO’s market capitalization stood at $2.39 billion, down 1.48%. The unlocked market capitalization reached $2.43 billion, while the fully diluted valuation was listed at $4.77 billion. Bittensor has a maximum supply of 21 million TAO. At the time of reporting, 10.51 million TAO were in circulation.

The token ranked 36th by market capitalization. Trading volume increased during the session, with 24-hour volume reaching $166.3 million. Data also showed 6.95% volatility over the period, indicating active trading as prices declined.

Company Statement

Christopher Kock, Chief Executive Officer of Virtune, commented on the launch: “With this launch, we are closing out the year with our 21st product.”

Kock noted that the ETP provides institutional and retail investors with regulated access to Bittensor through established market infrastructure. Virtune stated that the product remains subject to TAO’s market movements. The company said it continues to focus on compliance and governance as it expands its exchange-traded crypto offerings.