Grayscale Investments has introduced the Grayscale Pyth Trust, specifically designed for accredited investors, to provide direct exposure to the PYTH token.

Pyth plays a crucial role in the Solana ecosystem, delivering real-time price data for 95% of the dApps on the network, further cementing its utility.

Despite the potential of the new trust, market reaction has been negative, with the PYTH token value dropping over 5%, currently trading at 0.20 USD.