{"id":13980,"date":"2025-02-19T17:47:34","date_gmt":"2025-02-19T17:47:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13980"},"modified":"2025-02-19T17:47:34","modified_gmt":"2025-02-19T17:47:34","slug":"is-a-pyth-crypto-etf-next-grayscale-just-launched-a-pyth-trust","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13980","title":{"rendered":"Is a PYTH Crypto ETF Next? Grayscale Just Launched a Pyth Trust"},"content":{"rendered":"<div>\n<p>The Altcoin ETF race is heating up as Pyth crypto could be next in line following Grayscale\u2019s reveal of a Pyth trust, which could precede ETF.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Grayscale Investments is back in the spotlight with the debut of its Pyth Crypto Trust.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Dedicated to the Pyth Network on <a href=\"https:\/\/99bitcoins.com\/news\/pr-news\/sol-price-plummets-9-after-libra-but-new-solana-layer-2-ico-just-hit-22m\/\">Solana<\/a>, this latest addition to <a href=\"https:\/\/99bitcoins.com\/news\/presales\/grayscales-ada-etf-just-changed-everything-for-cardano-best-crypto-to-buy-in-2025\/\">Grayscale\u2019s crypto fund<\/a> lineup signals increasing demand for blockchain-based assets and cements Pyth\u2019s position as an emerging DeFi powerhouse.<\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67b6183728b89\" data-coin-id=\"pyth-pyth-network\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_67b6183728b89-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67b6183728b89-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67b6183728b89-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67b6183728b89-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67b6183728b89-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_67b6183728b89-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67b6183728b89-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67b6183728b89-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67b6183728b89-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67b6183728b89-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_67b6183728b89-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_67b6183728b89-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">What Is the Grayscale Pyth Trust?<\/h2>\n<p>Grayscale Investments has launched the Pyth Trust, aimed at offering exposure to the Solana-driven Pyth Network governance token. This fund continues Grayscale\u2019s streak of focusing on single-asset products and now brings eligible investors closer to Solana\u2019s ecosystem via daily subscriptions.<\/p>\n<p>Built as a decentralized oracle, the Pyth Network integrates real-world data like asset prices into blockchain systems, creating crucial backend tools for DeFi. Running 95% of Solana\u2019s applications, Pyth remains indispensable to the network\u2019s functions.<\/p>\n<figure id=\"attachment_207313\" aria-describedby=\"caption-attachment-207313\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-207313\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/PYTHUSDT_2025-02-19_11-30-42-1024x532.png\" alt=\"\" width=\"1024\" height=\"532\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/PYTHUSDT_2025-02-19_11-30-42-1024x532.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/PYTHUSDT_2025-02-19_11-30-42-300x156.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/PYTHUSDT_2025-02-19_11-30-42-768x399.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/PYTHUSDT_2025-02-19_11-30-42-1536x798.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/PYTHUSDT_2025-02-19_11-30-42.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/PYTHUSDT_2025-02-19_11-30-42-50x26.png 50w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption id=\"caption-attachment-207313\" class=\"wp-caption-text\">(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/A4aJB7ow\/?symbol=BINANCE%3APYTHUSDT\" target=\"_blank\" rel=\"noopener nofollow\">PYTHUSDT<\/a>)<\/figcaption><\/figure>\n<p>This move demonstrates Grayscale\u2019s long-game understanding of decentralized infrastructure. With Pyth\u2019s precise data feeds sourced from traders and market makers, the trust taps into an essential layer powering DeFi\u2019s architecture.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Grayscale Is The Shepherd of Altcoins: Why the Pyth Trust Matters<\/h2>\n<p>Fresh off launching funds tied to <a href=\"https:\/\/99bitcoins.com\/news\/dogecoins-future-will-an-etf-approval-fuel-a-price-recovery-for-doge\/\">Dogecoin<\/a> and crypto mining performance, Grayscale is doubling down on investor demand for niche blockchain plays.<\/p>\n<p>This explosion of interest follows the SEC\u2019s approval of spot Bitcoin ETFs in early 2024, which triggered billions in inflows across crypto funds. Ethereum-focused products have also surged, creating the perfect storm for Grayscale to expand its crypto arsenal.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Is the Solana Ecosystem Collapsing?<\/p>\n<p>The Solana market is in a bear market, showing poor performance compared to BTC, for example<\/p>\n<p>The Solana Ecosystem is an index composed of 11 cryptocurrencies: RENDER, WIF, JUP, W, BONK, PYTH, BOME, GMT, RAY, JTO, and TNSR.<\/p>\n<p>Chart: <a href=\"https:\/\/twitter.com\/Alphractal?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Alphractal<\/a> <a href=\"https:\/\/t.co\/Xrq4ZSjbyP\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Xrq4ZSjbyP<\/a><\/p>\n<p>\u2014 Joao Wedson (@joao_wedson) <a href=\"https:\/\/twitter.com\/joao_wedson\/status\/1892212896739811772?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 19, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Pyth Trust does more than offer a new investment angle. It showcases Solana as a DeFi powerhouse, something\u00a0<span style=\"margin: 0px; padding: 0px;\">criticized in recent weeks, with Pyth\u00a0<\/span>as the lifeline for most of its decentralized apps.<\/p>\n<p>By spotlighting this critical oracle system and Chainlink competitor, Grayscale connects investors to the backbone fueling growth in blockchain finance.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">A Promising Step for Altcoin ETF Push<\/h2>\n<p>The Grayscale Pyth Trust underscores a shift in crypto investing. It\u2019s no longer just about accumulating coins but digging into the tech fueling the next wave of finance. This launch offers investors a direct stake in decentralized innovation, tapping into a growing appetite for blockchain\u2019s potential.<\/p>\n<p>Demand for forward-thinking blockchain products continues to climb, and the Pyth Trust fits snugly into Grayscale\u2019s expanding lineup.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/xrp-price-jumps-11-after-sec-crypto-unit-tease-xrp-etf-progress\/\" target=\"_blank\" rel=\"noopener\">XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The Grayscale Pyth Trust marks a significant moment for both crypto infrastructure and investment.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        By spotlighting a decentralized oracle like Pyth, the fund emphasizes the foundational importance of reliable data feeds in blockchain ecosystems.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        At the same time, it provides investors with a unique route into Solana\u2019s rapidly maturing network.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/is-a-pyth-crypto-etf-next-grayscale-just-launched-a-pyth-trust\/\">Is a PYTH Crypto ETF Next? Grayscale Just Launched a Pyth Trust<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Altcoin ETF race is heating up as Pyth crypto could be next in line following Grayscale\u2019s reveal of a Pyth trust, which could precede ETF. Grayscale Investments is back in the spotlight with the debut of its Pyth Crypto Trust. Dedicated to the Pyth Network on Solana, this latest addition to Grayscale\u2019s crypto fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13980","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13980"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13980\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}