VanEck Launches VanEck Pyth ETN On Pyth Network

The post VanEck Launches VanEck Pyth ETN On Pyth Network appeared first on Coinpedia Fintech News

According to a recent press release, VanEck has launched the VanEck Pyth Exchange Traded Note (ETN) which will simplify access to the Pyth Network on Solana Blockchain Technology and enable easy investment for the users. This initiative has been listed on major Amsterdam and Paris stock exchanges. This step will allow the users and investors to tap into PYTH’s potential without directly handling the cryptocurrency. Although distinct from an ETF, it shares some similarities: its value is tied to PYTH, and VanEck secures the ETN’s underlying assets in cold storage.