Grayscale Launches Pyth Network Fund as Demand for Crypto Investments Surges

  • Grayscale has launched a new trust focused on Pyth’s governance token, expanding its suite of single-asset digital investment products for retail and institutional investors.
  • Pyth provides real-time oracle data to roughly 95% of Solana’s dApps, and Grayscale sees the trust as an avenue for “higher-beta and higher-upside” opportunities in the Solana ecosystem.
  • The announcement follows Grayscale’s ongoing efforts to convert existing trusts into spot ETFs, pending regulatory approval.

Grayscale has introduced a new trust centered on the Pyth network’s governance token, marking another addition to its growing suite of digital asset investments. 

The so-called Grayscale Pyth Trust is open to both…

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