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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 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 PYTH ETN on Euronext Amsterdam and Paris, expanding access to decentralized finance (DeFi) for investors in 15 European countries. The ETN is fully backed by PYTH tokens and aligns with the MarketVector Pyth Network VWAP Close index, reflecting the token's performance. Meanwhile, Binance is contesting the SEC's allegations that certain cryptocurrencies, including AXS and FIL, are securities, arguing that each transaction should be evaluated individually under existing law.
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.
VanEck has launched the PYTH ETN on Euronext Amsterdam and Paris, allowing investors in 15 European countries to gain exposure to the Pyth token, which is fully collateralized and held by Bank Frick. This initiative aims to enhance access to decentralized finance (DeFi) and reflects VanEck's commitment to innovative blockchain investment products. The Pyth Network serves as a crucial oracle protocol, connecting smart contracts to real-world data, thereby supporting the growing adoption of DeFi applications.
VanEck has launched a new exchange-traded note (ETN) in Europe that tracks the Pyth Network's native token, PYTH, available on Euronext Amsterdam and Paris, reaching investors in 15 countries. The ETN aligns with the MarketVector Pyth Network VWAP Close Index and is fully collateralized with physical PYTH tokens held by Bank Frick. CEO Martijn Rozemuller highlighted the significance of oracle networks in enhancing blockchain-based smart contracts within the financial sector.
VanEck has launched the VanEck Pyth ETN in Europe, tracking the performance of the Pyth Network’s governance token, PYTH. Available on Euronext Amsterdam and Paris, it will be accessible to investors in 15 European countries and is fully collateralized with physical PYTH tokens held by Bank Frick. The ETN aims to align with the MarketVector Pyth Network VWAP Close Index, highlighting the growing importance of oracle networks in decentralized finance.
Martijn Rozemuller
People
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