Grayscale Introduces Pyth Trust to Unlock New Opportunities on Solana

Grayscale, a prominent crypto asset manager, has launched the Grayscale Pyth Trust, a single-asset investment fund designed to offer exposure to Pyth Network, the native governance token of the Pyth Oracle Network. This new product will allow investors to gain targeted exposure to one of the most significant components of the Solana ecosystem.

The Pyth Network is crucial within the Solana ecosystem, as nearly 95% of decentralized applications (dApps) on Solana use Pyth’s price feeds for real-time and secure data. By creating the Grayscale Pyth Trust, Grayscale aims to provide investors with opportunities to tap into higher-risk, higher-reward growth linked to the ongoing expansion of the Solana blockchain.

Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, emphasized that the Pyth Network plays a pivotal role in Solana’s success. She also noted that the introduction of the Grayscale Pyth Trust aligns with the firm’s goal of giving investors access to greater upside potential tied to the network’s growth.

This new trust adds to Grayscale’s portfolio of single-asset crypto investment funds, which includes funds for other major cryptocurrencies like XRP, Sui, and Dogecoin. The Grayscale Pyth Trust is structured similarly, investing exclusively in PYTH tokens.

The fund is open for daily subscriptions to eligible accredited investors, providing another layer of access to crypto investment opportunities. Additionally, Grayscale continues to expand its range of products, including exchange-traded funds (ETFs) and private funds, such as the Grayscale Dynamic Income Fund, which invests in a diverse selection of proof-of-stake tokens, including Solana, Stacks, and NEAR.

This launch further solidifies Grayscale’s role as a key player in the growing crypto investment market, offering both institutional and accredited investors a more direct route to capitalize on the development of Solana and its related ecosystems.