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VPYTETN VanEck Pyth ETN Please read important disclosure Close important disclosure true
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VPYT

Pyth ETP
VanEck Pyth ETN

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VPYT

Pyth ETP
VanEck Pyth ETN

ISIN: DE000A4A5Z07 copy-icon
WKN: A4A5Z0 copy-icon
research-link-icon Why invest in a Pyth ETN?
Why invest?
Documents
research-link-icon Fact Sheet
research-link-icon KID
research-link-icon Final Terms
research-link-icon Summary
research-link-icon Base Prospectus
research-link-icon Coin Entitlement History

Product Description

Harness the power of real-time market data with the reliability of a decentralized oracle network. Pyth brings high-fidelity financial information to the blockchain, enabling more accurate and efficient DeFi applications. The VanEck Pyth ETN is a fully-collateralized exchange traded note that invests in the PYTH Token.

  • NAV
    $2.34

    as of 23 Jun 2025
  • YTD RETURNS
    -76.28%

    as of 23 Jun 2025
  • Total Net Assets
    $2.86 million

    as of 23 Jun 2025
  • Total Expense Ratio
    1.50%
  • Note Characteristic
    Physical Redemption*
research-link-icon Why invest in a Pyth ETN?
Why invest?
Documents
research-link-icon Fact Sheet
research-link-icon KID
research-link-icon Final Terms
research-link-icon Summary
research-link-icon Base Prospectus
research-link-icon Coin Entitlement History

Overview

Product Description

Harness the power of real-time market data with the reliability of a decentralized oracle network. Pyth brings high-fidelity financial information to the blockchain, enabling more accurate and efficient DeFi applications. The VanEck Pyth ETN is a fully-collateralized exchange traded note that invests in the PYTH Token.

  • 100% backed by PYTH Token
  • Stored at a regulated crypto custodian, with crypto insurance (up to a limited amount)
  • Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)

The VanEck Digital Assets ETNs provide the right to redeem against delivery of the respective cryptocurrency. In our opinion, therefore, after the expiry of a holding period of 12 months, the result from the return may be tax-free (non-taxable) for private investors who are taxable in Germany.

This information does not constitute tax advice and cannot replace it. For an assessment of your taxation, please contact your tax advisor.

Main Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks. You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested.

Underlying Index

MarketVector™ Pyth Network VWAP Close Index (MVPYTHV Index).

Fund Highlights

  • 100% backed by PYTH Token
  • Stored at a regulated crypto custodian, with crypto insurance (up to a limited amount)
  • Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)

The VanEck Digital Assets ETNs provide the right to redeem against delivery of the respective cryptocurrency. In our opinion, therefore, after the expiry of a holding period of 12 months, the result from the return may be tax-free (non-taxable) for private investors who are taxable in Germany.

This information does not constitute tax advice and cannot replace it. For an assessment of your taxation, please contact your tax advisor.

Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks

Underlying Index

MarketVector™ Pyth Network VWAP Close Index (MVPYTHV Index).

Capital Markets

VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.

Performance

Holdings

Portfolio

Documents

Index

Index Description

MVPYTHV is a rules based, modified capitalization weighted index intended to give investors a means of tracking the overall performance of the leading digital asset regarding size, liquidity, legitimacy/quality and infrastructure. The intraday price, which is disseminated every 15 seconds, is based on a methodology which collects prices from several digital assets exchanges and weights them based on their liquidity. The closing price, disseminated at 16:00:00 PM CET is a volume weighted average of the last 60 minutes prior to close. Further information about MVPYTHV e.g. with regards to the index methodology and changes of the index may be found on www.marketvector.com.

Awards

Main Risks

Main Risk Factors of a Pyth ETN

Despite all the hype, digital assets are a highly risky investment. Below are key risk factors that need to be considered before making an investment in Pyth ETN.

  • Risk of Losses and Volatility
  • Technology Risk
  • Regulatory Risk
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The trading prices of many digital assets have experienced extreme volatility in recent periods and may continue to do so. There is a risk of total loss as no guarantee can be made regarding custody due to hacking risk, counterparty risk and market risk.

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Pyth introduces additional technology risk due to the technology being less mature and therefore could be more prone to bugs and exploits.

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market disruptions and governmental interventions may make digital assets illegal.

For more information on risks, please see the “Risk Factors” section of the relevant ETN’s prospectus, available on www.vaneck.com.