Critical New Move from Grayscale: Announced to Launch a Fund for a Surprise Altcoin!

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One of the largest asset management companies, Grayscale, has announced its fund for a new altcoin.

According to this, Grayscale announced the launch of the Grayscale PYTH Trust, which provides access to PYTH.

Grayscale has announced that its new investment product Grayscale PYTH Trust provides investors with exposure to PYTH.

It was also noted that PYTH Trust is only open to accredited investors and that Grayscale follows the model of other single-asset investment trusts by holding only PYTH tokens.

Grayscale product and research chief Rayhaneh Sharif-Askary emphasized the importance of Pyth in the Solana ecosystem, saying the following about the PYTH Trust:

"Pyth plays one of the most important roles in the Solana ecosystem."

By introducing the Grayscale Pyth Trust, we aim to provide investors with access to additional high beta and high return opportunities associated with Solana's ongoing growth.

After the news, the PYTH price started to rise.

We are proud to announce a new single-asset crypto investment fund, Grayscale Pyth Trust $PYTH.

Available to eligible accredited investors.

Learn more about $PYTH and see important disclosures: pic.twitter.com/f52Qn3aLia

— Grayscale (@Grayscale) February 18, 2025

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