New VanEck Pyth ETN Brings Solana’s Oracle to Europe

• VanEck lists PYTH ETN on Euronext, expanding access to Solanas Pyth Network across Europe.
• The Pyth ETN offers European investors secure exposure to DeFi data oracles and daily staking rewards.

VanEck, a well-known worldwide asset management firm, has expanded its portfolio of digital asset investment products by launching the VanEck Pyth exchange-traded note (ETN) on Euronext Amsterdam and Euronext Paris.

This new addition to their portfolio seeks to expose European investors to the distributed oracle solution on the Solana blockchain, the native token of the Pyth Network (PYTH).

Within decentralized finance (DeFi), the is vital since it links smart contracts with real-world data, enabling blockchain-based apps to acquire vital information from outside sources and smoothly interact across networks.

Expanding Access to Real-Time Data with Pyth Oracle ETN

Particularly since oracles close the distance between on-chain smart contracts and off-chain data sources, Pyth Networks function as an oracle is rather important. These contracts let these contracts get real-time data that fuels several DeFi uses, including lending, insurance, and derivatives trading.

VanEck is pitching PYTH as a useful addition to its expanding portfolio of digital asset products with this ETN listing. Investors in 15 countries around Europe—including Germany, France, Norway, and Switzerland—will have access to the Solana-based oracle through the new ETN, which will be available to them.

VanEck formerly started several ETNs on digital assets across Europe, covering cryptocurrencies such as Solana and Chainlink in addition to other blockchain-based assets.

Through regulated channels, these ETNs have provided European investors access to join the growing digital asset market. By providing PYTH, VanEck not only gives its portfolio a fresh angle but also emphasizes the growing relevance of oracles in the blockchain ecosystem.

VanEcks plan goes beyond Europe. has also debuted exchange-traded funds (ETFs) with an eye toward big cryptocurrencies like Bitcoin and Ethereum in the United States.

Aiming to build a complete range of crypto-oriented products for both institutional and retail investors, the company is currently looking after ETF approvals for altcoins including Solana, XRP, and Litecoin. By making blockchain technology accessible to the financial markets, VanEck is helping blockchain technology to be adopted worldwide.

Additionally, as CNF previously , VanEcks Solana ETN in Europe offers strong cold storage protection for SOL investors and a staking scheme with automated payouts. By storing staked SOL in cold storage, this scheme guarantees asset safekeeping and provides daily staking incentives for investors, hence adding a layer of security.