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VanEck has launched a Pyth Exchange Traded Note (ETN) on Euronext Amsterdam and Paris, allowing investors to gain exposure to the PYTH token without direct ownership. The ETN is fully collateralised, trades on regulated exchanges, and has a 1.5% expense ratio. Despite a recent 11% decline in the token's price over the week, it has seen a 3.85% increase in the last 24 hours, currently trading at US$0.3372.
Bitcoin's value surged over 400% from November 2020 to November 2024, while Solana skyrocketed nearly 11,000%. Despite regulatory challenges, the crypto market has made significant strides, with stablecoin assets under management increasing to $177.83 billion. Looking ahead, the market is expected to continue its growth trajectory beyond the 2024 US elections, driven by ongoing innovations and adoption in decentralized finance and tokenization.
VanEck has launched an ETN tracking the Pyth Network's native token, PYTH, on Euronext Amsterdam and Paris, providing access to investors in 15 European countries. The ETN, with a market cap of approximately $3.4 billion, is fully collateralized with physical PYTH tokens and has a total expense ratio of 1.5%. The Pyth Network, a decentralized oracle protocol, specializes in high-frequency data, enabling smart contracts to interact with off-chain data.
VanEck has launched Europe’s first Pyth Network ETN, allowing investors to track the PYTH token without direct ownership. The ETN, listed on Euronext Amsterdam and Paris, is fully collateralized with cold storage assets and has a 1.5% TER. This initiative expands VanEck's digital asset offerings, following the introduction of staking features and ETF proposals in Europe.
VanEck has launched the VanEck Pyth ETN, Europe's first Exchange Traded Note for the Pyth network token, PYTH, allowing investors to trade without holding digital assets. The ETN, listed on Euronext Amsterdam and Paris, is fully collateralized and backed by Bank Frick, ensuring investor security.Additionally, VanEck has introduced staking functionality on its Solana ETN and launched Bitcoin and Ethereum ETFs, further enhancing access to blockchain-based assets in Europe.
VanEck has launched the Solana PYTH ETN in Europe, expanding its offerings to 15 countries, including Austria, Switzerland, and Germany. This product allows investors to access the Pyth network without directly holding cryptocurrencies, emphasizing security through cold storage in partnership with Bank Frick. The launch reflects growing demand for blockchain solutions and has positively impacted Solana's market price.
VanEck has launched the Solana PYTH ETN in Europe, expanding its offerings to 15 countries, including Austria, Switzerland, and Germany. This product allows investors to access the Pyth network without directly holding cryptocurrencies, backed by enhanced security measures through cold storage in collaboration with Bank Frick. The launch has positively impacted the market, contributing to a 5% rise in Solana's price.
VanEck has launched the VanEck Pyth ETN in Europe, a new financial product based on the Pyth Network's PYTH token, available on Euronext Amsterdam and Paris for investors in 15 countries. This ETN is fully collateralized with physical PYTH tokens held by Bank Frick, ensuring security and direct correlation with the MarketVector Pyth Network index. As a leader in digital asset products, VanEck continues to expand its offerings in the European market.
VanEck has launched the VanEck Pyth Exchange-Traded Note (ETN) on Euronext Amsterdam and Paris, allowing investors to track the performance of the PYTH cryptocurrency without direct ownership. The Pyth Network serves as a decentralized oracle, providing real-world data to smart contracts, essential for the growing DeFi sector. The ETN is linked to the MarketVector Pyth Network VWAP Close Index and is fully collateralized, ensuring high security for investors.
VanEck has launched the VanEck Pyth ETN in Europe, a new financial product based on the Pyth Network's PYTH token, available on Euronext Amsterdam and Paris for investors in 15 countries. This ETN is fully collateralized with physical PYTH tokens held by Bank Frick, ensuring security and direct correlation with the MarketVector Pyth Network index. As a pioneer in crypto products, VanEck continues to expand its offerings in the digital asset space.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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