VanEck has introduced a new exchange-traded note (ETN) on Euronext Amsterdam and Euronext Paris, marking a significant step for cryptocurrency adoption in Europe. The ETN, which tracks the Pyth Network’s PYTH token, is now accessible to investors across 15 European countries, including key markets like Germany and France. This move underscores VanEck’s commitment to integrating cutting-edge blockchain technology into traditional financial markets.

The Pyth Network, known for its decentralized oracle protocol, enables smart contracts to seamlessly interact with external data. PYTH, the network’s governance token, supports a robust ecosystem with a market capitalization of about $3.4 billion. VanEck Europe CEO Martijn Rozemuller highlighted the increasing importance of smart contracts and oracle networks in finance, emphasizing their role in enabling practical, real-world applications of blockchain technology.

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