TechFlow reported on February 18 that Grayscale announced the launch of a new single-asset cryptocurrency investment fund, the Grayscale Pyth Trust ($PYTH). This trust enables accredited investors to gain exposure to PYTH tokens through securities without needing to directly purchase, store, or custody PYTH tokens.
The trust's share price will track the market price movements of PYTH, subject to deductions for related expenses. PYTH is a digital asset issued by Pyth Network, a decentralized computer network operating atop cryptographic protocols, supporting users in trading PYTH tokens on blockchains.
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