VanEck has launched Pyth Crypto ETN in Europe, allowing investors to invest in the performance of PYTH without directly buying or storing it.
Pyth Network is a platform connecting the blockchain world with real-world data, providing real-time and high-quality information to smart contracts.
The VanEck Pyth ETN is fully collateralized and listed on regulated stock exchanges, making it a more traditional and secure way to invest in cryptocurrency.
The ETN comes with risks, including price volatility and a Total Expense Ratio (TER) of 1.5% for managing and storing assets.