Crypto-centric asset manager Grassscale has announced the construction and launch of the Grassscale Pyth Trust.
The Pyth Trust is a single-asset crypto investment fund designed to offer exposure to the Pyth Network (PYTH), the original regime of the ecosystem of the Oracle Network.
The launch brings another product that tracks one of the top projects in the Solana (SOL) ecosystem, Grancael said Press release,
“Pyth Network Solana is one of the most important roles in the Solana ecosystem,” said Rehneh Sharif-Sakar, the head of Grassscale’s product and research, Rehenh Sharif-Auareri. “By presenting the Grassscale Pyth Trust, we want to provide investors to additional high-bita and high-appointed opportunities associated with the continuous development of Solana.”
About 95% of decentralized applications at the price of Solana Leverage Pyth feed for real -time and safe data.
The Grassscale Pyth Trust adds to other single-transport crypto funds introduced by the asset manager, including XRP, SUI and Dogcoin.
Like these products, Grassscale Pyth Trust will offer exposure for Pyth, along with the only asset investing in the trust. The company has opened the Pyth Trust Fund for daily membership for eligible recognized investors.
Beyond its Crypto Trust Fund, Grassscale released exchange-traded funds in January 2024 with its spot bitcoins and Ethereum ETFs between the Pioneer Group approved by the US Securities and Exchange Commission.
Earlier this year, Grassscale launched the Grassscale Bitcoin Minors ETF, which provides exposure for bitcoin mining companies and bitcoin mining industry.
The firm also provides private funds that want to optimize income by allowing investors to allocate capital into a portfolio of proof-off-stats. Grassscale Dynamic Income Fund invests in a portfolio including Solan, Stack and Pass, others.
