VanEck has introduced the VanEck Pyth ETN on Euronext Amsterdam and Euronext Paris, providing investors with an opportunity to gain exposure to the performance of the PYTH cryptocurrency without the need for direct purchase or storage.

The VanEck Pyth ETN is linked to the MarketVector Pyth Network VWAP Close Index, which tracks the price of the PYTH token. The PYTH token is an essential component of the Pyth network's operations. The Pyth network functions as a decentralized oracle protocol, enabling smart contracts to access real-world data and perform secure off-chain computations. It specializes in high-frequency data, making it particularly suitable for financial markets that require real-time information. The network obtains data directly from exchanges and financial institutions, ensuring transparency and a reliable aggregation process.

The VanEck Pyth ETN is fully collateralized, with the underlying assets securely held in cold storage. VanEck has partnered with Bank Frick, a regulated custodian bank in Liechtenstein, to maintain strict security standards for the custody of its ETN cryptocurrencies.