VanEck Announces Launch of Pyth ETN in Europe

Reading Time: < 1 minute

VanEck has announced the launch of a new ETN in Europe that tracks the Pyth Network’s native token, PYTH.

The ETN has been listed on Euronext Amsterdam and Euronext Paris, making it available to investors in 15 different European countries, such as Germany, France, Norway, and Switzerland.

This ETN will provide investors with exposure to the PYTH token, which currently has a fully diluted market capitalization of about $3.4 billion.

According to Martijn Rozemuller, the CEO of VanEck Europe, oracle networks like the Pyth Network are crucial for enabling real-world applications as smart contracts continue to grow in importance in the financial world.