{"id":98964,"date":"2024-11-05T14:10:45","date_gmt":"2024-11-05T18:10:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98964"},"modified":"2024-11-05T14:11:23","modified_gmt":"2024-11-05T18:11:23","slug":"vaneck-launches-solana-pyth-etn-to-expand","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/vaneck-launches-solana-pyth-etn-to-expand\/","title":{"rendered":"VanEck Launches Solana PYTH ETN to Expand in Europe"},"content":{"rendered":"\n

VanEck announces PYTH ETN on Euronext, providing European investors\u00a0exposure to\u00a0Solana-backed Pyth Network <\/a>without\u00a0direct crypto holdings.<\/p>\n\n\n\n

\"VanEck<\/figure>\n\n\n\n

VanEck has expanded its European lineup with the launch of a new PYTH ETN, giving investors access to the Solana-backed Pyth Network without direct cryptocurrency ownership. <\/p>\n\n\n\n

The product, listed on Euronext Amsterdam and Euronext Paris, opens investment in PYTH to 15 European countries, including Austria, Switzerland, and Germany.<\/p>\n\n\n\n

VanEck Launches Solana-Based PYTH ETN for Broader European Reach<\/h2>\n\n\n\n

Announced recently, VanEck's PYTH ETN aims to provide access to the Pyth Network, which supplies real-time financial data to blockchain platforms. <\/p>\n\n\n\n

This Exchange-Traded Note (ETN) allows traditional investors to track PYTH\u2019s performance without navigating the complexities of owning digital assets. <\/p>\n\n\n\n

VanEck designed the product to cater to the growing demand for blockchain technology in Europe and relies on the Solana-supported Pyth Network\u2019s reliable, first-party data sources.<\/p>\n\n\n\n

In partnership with Liechtenstein-regulated Bank Frick, VanEck offers secure cold storage for assets backing the PYTH ETN, enhancing protection against cyber threats. <\/p>\n\n\n\n

This launch adds to the firm\u2019s suite of crypto-focused ETNs, which include Bitcoin and Ethereum products that emphasize investor security while connecting to the crypto market.<\/p>\n\n\n\n

Dual Focus on Crypto and AI Innovation<\/h2>\n\n\n\n

Alongside the PYTH ETN, VanEck has also launched a $30 million venture fund, VanEck Ventures, to support early-stage projects in cryptocurrency and AI. <\/p>\n\n\n\n

This fund will target advancements in stablecoins<\/a>, cross-border payments, and blockchain technology, aiming to fuel growth in the digital asset sector.<\/p>\n\n\n\n

The announcement coincided with a slight increase in Solana\u2019s price\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which reached $168 with a 4% rise in the past 24 hours. <\/p>\n\n\n\n

Trading volume also grew by 16.95% to $3.08 billion, reflecting rising market interest in Solana and related assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

VanEck announces PYTH ETN on Euronext, providing European investors\u00a0exposure to\u00a0Solana-backed Pyth Network without\u00a0direct crypto holdings. VanEck has expanded its European lineup with the launch of a new PYTH ETN, giving investors access to the Solana-backed Pyth Network without direct cryptocurrency ownership. The product, listed on Euronext Amsterdam and Euronext Paris, opens investment in PYTH to […]<\/p>\n","protected":false},"author":56,"featured_media":98967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4474,668],"class_list":["post-98964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-solana-blockchain","tag-vaneck"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/VanEck-Launches-Solana-PYTH-ETN-to-Expand-in-Europe.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=98964"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/98967"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}