Virtune Opens Nasdaq Stockholm Trading for Bittensor TAO ETP
- Virtune launches a fully backed TAO ETP for regulated access through Nasdaq Stockholm.
- The product trades as VIRTAO in SEK and begins trading on December 19, 2025.
- Bittensor (TAO) trades at $227 as volume increases and short-term pressure continues.
Virtune, a regulated digital asset manager based in Sweden, said it 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, will start trading on Friday, December 19, 2025. It will trade under the ticker VIRTAO and use the Swedish krona (SEK) as its trading currency.
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%, which aligns with similar crypto ETPs listed in Europe.
Product Details and Market Access
The full product name is Virtune Bittensor ETP, while the short name shown on the exchange will be Virtune Bittensor. Each unit of the ETP corresponds directly to the TAO held by the issuer. Virtune said the product structure allows investors to gain exposure without holding the asset directly. Trading occurs through standard brokerage accounts rather than crypto wallets.
The listing highlights Virtune’s 21st exchange-traded product, as stated by the firm. Presently, Virtune’s crypto ETPs are limited to a few Nordic markets, where it already has a spectrum of single-asset ETPs.
Bittensor is an upcoming decentralized ecosystem that has a major purpose of AI growth. This is accomplished by allowing the participants to bring forth either machine learning models, raw data, or even their computing capabilities.
The idea behind the system is to marry the reward with the authenticity of the performance in the network. Virtune has pointed out that the listing of ETP links the money market paradigms with an AI-centric blockchain, which, in turn, has opened up the gateway for more people to access the Bittensor network through regulated means.
Related: Bittensor Halving Begins as TAO Supply Tightens Rapidly
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. Price data shows TAO fell from levels near $230.75 earlier in the session before stabilizing. The price did not recover to the previous intraday highs.
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, which also represents its total supply. 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.
The Company’s Overview
Christopher Kock, Chief Executive Officer of Virtune, commented on the launch in a statement. “With this launch, we are closing out the year with our 21st product,” Kock said.
He said 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.
