Learn about Grayscale launches the token PYTH investment fund in one article! Expand user participation in Solana ecosystem investment opportunities

Grayscale expands its crypto investment landscape, launches PYTH investment funds and Ethereum ETF options trading applications and has been reviewed by the SEC

Digital asset management giant Grayscale has made frequent moves recently, announcing the launch of an investment fund for Python Network native token PYTH. Its Ethereum ETF option trading application is also under review by the Securities and Exchange Commission (SEC).

Grayscale PYTH Investment Fund: High-risk, High-return Solana Ecological Investment Opportunities

This product, called Grayscale Python Investment Fund, is only open to qualified investors and focuses on investing in the governance token PYTH, a Python Network. Python Network, a key decentralized oracle project in the Solana ecosystem, provides real-time market data for more than 90 blockchain networks, of which about 95% of decentralized applications (DApps) in the Solana ecosystem rely on Python's price information. Rayhaneh Sharif-Askary, head of product and research at Grayscale, said the move is intended to provide investors with more opportunities to participate in the continued growth of the Solana ecosystem.

Solana TVL Fluctuated

The total lock-in value of the Solana ecosystem (TVL) has experienced drastic fluctuations recently, soaring from about $1.4 billion at the beginning of the year to a peak of $12 billion, and then plummeted to $8.2 billion in a few days. This may be related to the insider trading scandal of Jupiter DEX and the high-risk nature of Solana Meme coins.

Grayscale crypto investment product line continues to expand

Grayscale continues to enrich its single-asset crypto investment portfolio, and the PYTH Investment Fund is just one of its latest moves. Earlier, the company also released a watch list of potential investment products. While Bitcoin Spot ETF (GBTC) and Ethereum Spot ETF (ETHE) are still Grayscale’s most well-known products, the launch of the PYTH Fund shows its strategic intention to actively expand into the crypto investment field and further strengthen its layout in the Solana ecosystem.

SEC Review Grayscale Ethereum ETF Option Trading

At the same time, the SEC is soliciting public comments to decide whether to approve three ETF options based on Grayscale Ethereum Spot ETF (ETHE), Grayscale Ethereum Mini ETF (ETH) and Bitwise Spot ETF (ETHW). The SEC has previously approved a series of option trading for Bitcoin spot ETFs. The review results of this Ethereum ETF option trading will have an important impact on the diversity of financial products in the crypto market.

Grayscale's PYTH ETF and SEC's audit of its Ethereum ETF option trading mark a new stage of innovation in financial products in crypto markets.

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