Token

Bank

Secure

Pyth Network

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/vaneck-introduces-etn-for-pyth-token-access" data-wpel-link="internal" rel="noopener noreferrer nofollow">VanEck Introduces ETN for Pyth Token Access</a><br></p>
<p style="text-align: justify">VanEck has launched a new exchange-traded note (ETN) linked to the PYTH <a href="https://en.bitcoinhaber.net/surge-in-popularity-meme-coins-take-crypto-market-by-storm" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>, now available on both the Euronext Amsterdam and Paris stock exchanges. This innovative ETN provides a way for investors to engage with cryptocurrency markets without the necessity of directly owning PYTH tokens.</p>
<h2 style="text-align: justify" id="strong-what-is-the-pyth-network-strong"><strong>What is the Pyth Network?</strong></h2>
<p style="text-align: justify">The Pyth Network functions as a decentralized oracle, facilitating the integration of real-world data into smart contracts. This capability enhances data reliability within blockchain ecosystems, making it pivotal for decentralized finance (DeFi) applications.</p>
<h2 style="text-align: justify" id="strong-how-secure-is-the-vaneck-etn-strong"><strong>How Secure is the VanEck ETN?</strong></h2>
<p style="text-align: justify">The newly launched Pyth ETN is fully collateralized, with assets safeguarded in cold storage by Bank Frick in Liechtenstein. It is traded on regulated platforms with an expense ratio set at 1.5%. This setup allows investors to track the performance of the PYTH cryptocurrency without direct ownership.</p>
<p style="text-align: justify">Recent data indicates that the PYTH token has seen an 11% decline in price over the last week but experienced a slight recovery of 3.85% in the past 24 hours, currently trading at $0.3372. The secure custody arrangement and regulated trading environments aim to bolster investor confidence in this ETN, although the inherent volatility of cryptocurrency markets remains a significant factor to consider.</p>
<ul>
 <li>VanEck’s ETN provides easy access to crypto investments.</li>
 <li>The Pyth Network enhances data utility in DeFi.</li>
 <li>Safety measures include cold storage by Bank Frick.</li>
 <li>Current market fluctuations indicate a cautious approach is advisable.</li>
</ul>
<p style="text-align: justify">With this latest offering, VanEck seeks to offer a user-friendly pathway for individuals interested in cryptocurrency, while simultaneously reinforcing the Pyth Network’s significance within the DeFi landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/vaneck-introduces-etn-for-pyth-token-access" data-wpel-link="internal" rel="noopener noreferrer nofollow">VanEck Introduces ETN for Pyth Token Access</a></h5>

VanEck Introduces ETN for Pyth Token Access

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