VanEck has launched a new Exchange Traded Note (ETN) in Europe that tracks the performance of the Pyth network's native token, PYTH, available on Euronext Amsterdam and Paris. This product, accessible to investors in 15 European countries, is fully backed by physical PYTH tokens held by Bank Frick.Martijn Rozemuller, CEO of VanEck Europe, highlighted the significance of blockchain-based smart contracts and the Pyth network's potential role in decentralized finance. The ETN tracks the MarketVector Pyth Network VWAP Close index, adding to VanEck's extensive range of crypto products in Europe.