Asset Manager Grayscale Investments, known for its Bitcoin and Ether Exchange-Traded Funds (ETFS), said on Tuesday that it has launched Grayscale Pyth Trust, giving investors exposure to Pyth, the method of control of the Pyth network.

Pyth delivers price feeds that help decentralized applications to work effectively. Network sources award information from institutional dealers and market manufacturers and provide updates that are critical of decentralized funding use (DEFI). Pyth’s services are particularly crucial in the Solana ecosystem, where 95% of decentralized protocols use the network’s data, Grayscale said.

“The Pyth network plays one of the most significant roles in the Solana ecosystem,” said Rayhaneh Sharif-iskary, Grayscales head of product and research. “By introducing Grayscale Pyth Trust, we aim to give investors access to additional opportunities for higher beta and higher upward opportunities associated with the continued growth of Solana.”

Confidence is only available to accredited investors and follows the model of Grayscales other investment trusters with a single assets that only have Pyth-tokens. Grayscale is known for products such as Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (Ethe), which was transformed into an ETF structure last year.
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