VanEck launches the VanEck Pyth ETN on Euronext Amsterdam and Euronext Paris for investors to participate in the growth of the PYTH cryptocurrency 💹🚀 - a fully collateralized product with total management expenses of 1.5% and the risk of high volatility

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VanEck launches the VanEck Pyth ETN on Euronext Amsterdam and Euronext Paris, allowing investors to participate in the growth of the PYTH cryptocurrency without purchasing it. The Pyth network is a decentralized oracle that enables smart contracts to interact with real-world data, providing market price information and other data necessary for decentralized finance.

The ETN reflects the performance of the MarketVector Pyth Network VWAP Close Index and is fully collateralized. Assets are stored in cold storage with security provided by Bank Frick. Investors can trade this product on regulated stock markets, with total management expenses of 1.5%. It is recommended to consider the risk of high volatility.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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