Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
VanEck Launches New ETN Tracking Pyth Network Token on European Exchanges

VanEck Launches New ETN Tracking Pyth Network Token on European Exchanges

Cryptodnes2024/11/06 10:44
By:Cryptodnes

VanEck has just introduced an exchange-traded note (ETN) in Europe that follows the Pyth Network’s native token, PYTH, as announced on November 5.

This new VanEck Pyth ETN is available on both Euronext Amsterdam and Euronext Paris and can be accessed by investors in 15 European nations, such as Germany, France, Norway, and Switzerland.

Martijn Rozemuller, CEO of VanEck Europe, emphasized the importance of oracle networks like Pyth for enabling smart contract functionality in real-world applications. Rozemuller sees Pyth as potentially integral to the infrastructure of decentralized finance (DeFi).

The VanEck Pyth ETN aligns with the MarketVector Pyth Network VWAP Close Index, and is fully backed by physical PYTH tokens, securely held by Liechtenstein-based custodian Bank Frick.

READ MORE:
Is Now a Good Time to Invest in Ethereum?

With over a dozen crypto exchange-traded products across Europe, VanEck offers products that cover assets like Solana and Chainlink. In the U.S., it has launched spot crypto ETFs for Bitcoin and Ethereum.

Meanwhile, the upcoming U.S. presidential election may impact the fate of several pending crypto ETF applications, including those seeking to list ETFs holding altcoins such as Solana, XRP, and Litecoin.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like