Grayscale launches Pyth Trust for US accredited investors
New trust offers a simplified alternative to direct PYTH ownership for institutional investors.
Key Takeaways
- Grayscale Pyth Trust offers US accredited investors exposure to PYTH through a regulated security format.
- Robinhood and VanEck have made PYTH investments more accessible with new trading options and notes.
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Grayscale launched the Grayscale Pyth Trust, offering accredited US investors exposure to PYTH, the governance token of the Pyth network through a regulated security format.
We are proud to announce a new single-asset crypto investment fund, Grayscale Pyth Trust $PYTH.
Available to eligible accredited investors.
Learn more about $PYTH and see important disclosures: https://t.co/RVZKN5hD8Z pic.twitter.com/f52Qn3aLia
— Grayscale (@Grayscale) February 18, 2025
By offering exposure to PYTH in a regulated security format, Grayscale simplifies token investment and mitigates the complexities associated with direct token ownership.
Grayscale’s launch of the Pyth Trust comes as institutional interest in the Pyth Network continues to rise.
Just a year ago, Binance listed the PYTH token, significantly boosting its market price and enhancing its accessibility and liquidity.
In November 2024, VanEck introduced a Pyth Exchange Traded Note (ETN), collateralized with physical PYTH tokens, across 15 European countries on Euronext Amsterdam and Paris.
Last Friday, Robinhood added the PYTH token to its trading platform, expanding retail access to the token.
Grayscale’s support of the Pyth Network aligns with its broader strategy to offer investment vehicles for emerging crypto assets.
The firm has also expressed interest in other Solana-based assets like Jupiter (JUP) and Helium (HNT), which are under consideration for future investment products.
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