VanEck Launches Solana’s PYTH ETN in Europe
Asset manager VanEck has expanded its European offerings with the launch of a new PYTH ETN product.
This ETN, listed on Euronext Amsterdam and Euronext Paris, provides investors in 15 European countries with exposure to PYTH through the Solana-backed Pyth Network without the need for direct cryptocurrency ownership.
The PYTH ETN was created to make it easier for traditional investors to enter the cryptocurrency market. By removing the complexities of purchasing and storing cryptocurrencies, VanEck aims to attract a wider range of investors.
The company also recognizes the growing demand for blockchain technology in Europe and has chosen to partner with the Pyth Network, a platform that specializes in providing real-time financial data to blockchain systems.
