Grayscale Launches Pyth Trust for Investor Access to PYTH Token
Grayscale Investments has launched the Grayscale Pyth Trust, allowing investors to gain exposure to PYTH, the governance token of the Pyth Network, without direct ownership complexities such as storage and security.
Key points include:
- The Pyth Network is crucial in the Solana ecosystem, providing real-time market data relied upon by 95% of decentralized applications on Solana.
- The trust is available for daily subscriptions from qualified individual and institutional investors.
- The structure mirrors Grayscale’s other single-asset trusts, being fully allocated to the Pyth token.
Grayscale also offers well-known products like the Grayscale Bitcoin Trust and Ethereum Trust. Recently, it introduced the Grayscale Dogecoin Trust and the MakerDAO and Avalanche Trusts, expanding its range of over 30 crypto investments.