Grayscale launches Pyth Trust to expand opportunities on Solana

Grayscale focused on the assets focused on the crypto has announced the creation and launch of the Grayscale Pyth Trust.

Pyth Trust is an investment fund in crypto to a single asset designed to offer exhibition at Pyth Network (Pythm), the indigenous governance token of the Oracle network ecosystem.

The launch brings another product that followed one of the best projects in Solana (GROUND) Ecosystem, Grayscale said in a press release.

“The Pyth network plays one of the most important roles in the Solana ecosystem,” said Rayhaneh Sharif-Askary, manager of Product & Research Grayscale. “By introducing pyth trust into gray levels, we aim to give investors access to higher additional opportunities and to the height associated with the continuous growth of Solana.”

Almost 95% of decentralized applications on Solana Lever Pyth price flows for real -time and secure data.

Grayscale Pyth Trust adds to other cryptography funds to a single asset offered by the asset manager, including those of XRP, Suis and Dogecoin.

Like these products, the Grayscale Pyth Trust will offer an exhibition at Pyth, with the only active in which the trust invests.

Beyond its Crypto trust funds, Graycale issues negotiated funds on the stock market, with its Bitcoin and Ethereum and ETHEREUM spots among the pioneer group approved by Securities and Exchange American Commission in January 2024.

Earlier this year, gray levels spear The FNB Bitcoin Miners in gray levels, which offers an exposure to Bitcoin extraction companies and the Bitcoin mining industry.

The company also offers private funds that seek to optimize income by allowing investors to allocate capital to a portfolio of token for evidence. The Grayscale Dynamic Income Fund invests in a portfolio that includes Solana, Stacks and, among others.