Bitcoin ETF

Bitcoin

Pyth Network

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pyth-network-launches-real-time-data-analysis-for-bitcoin-etfs/" data-wpel-link="internal">Pyth Network Launches Real-Time Data Analysis for Bitcoin ETFs</a><br></p>
<p class="p1" style="text-align: justify">Developments continue in the cryptocurrency market regarding spot <a href="https://en.coin-turk.com/bitcoin-block-reward-halving-expected-to-impact-microstrategy-shares-significantly/" data-wpel-link="internal">Bitcoin</a> ETF funds. Real-time market data provider for blockchain applications, <strong>Pyth Network</strong>, announced on February 20th that it launched data analysis services for price streams of 13 Bitcoin exchange-traded funds, making accurate price data available for developers creating decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> protocols.</p> 
<h2 class="p1" style="text-align: justify" id="a-significant-move-by-pyth-network">A Significant Move by Pyth Network</h2> 
<p class="p1" style="text-align: justify">The approval of Bitcoin ETF funds in January 2024 in the United States marked a milestone for the crypto industry, paving the way for regulated legal investment vehicles for Bitcoin, appealing to investors still hesitant to invest directly in the crypto sector.</p> 
<p class="p1" style="text-align: justify">Pyth Network’s latest initiative aims to fill the gap between traditional finance <strong>(TradFi)</strong> and DeFi, allowing DeFi developers to access real-time data on ETF funds. The Pyth team stated that this could also help expand the portfolio options of the DeFi platform, develop risk mitigation strategies, and potentially attract institutional capital to the ecosystem, thereby increasing liquidity:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify"><strong>“Bitcoin</strong> ETF funds are a key element in the ongoing development of the crypto markets by institutionalizing demand and liquidity.”</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-317322 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/pyth-network.png" alt="" width="1280" height="720"></p> 
<h2 class="p1" style="text-align: justify" id="pyth-and-bitcoin-etf-funds">Pyth and Bitcoin ETF Funds</h2> 
<p class="p1" style="text-align: justify">The Pyth team announced that this latest integration will allow its platform to provide more real-time insights into the DeFi ecosystem. The current 13 Bitcoin ETF prices include ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, Global X Blockchain &amp; Bitcoin Strategy, Valkyrie Bitcoin Fund, Invesco Galaxy Bitcoin ETF, WisdomTree Bitcoin Trust, Valkyrie Bitcoin and Ether Strategy ETF, Hashdex Bitcoin ETF, Franklin Bitcoin ETF, Fidelity Wise Origin Bitcoin Trust, Grayscale Bitcoin Trust, VanEck Bitcoin Trust, and iShares Bitcoin Trust.</p> 
<p class="p1" style="text-align: justify">In addition to Bitcoin ETF prices, Pyth also highlighted its support for other ETF funds such as the Dow Jones Industrial Average ETF Trust, Dow Jones Industrial Average, and Vanguard S&amp;P 500 ETF. This comes as Bitcoin ETF funds recorded a net inflow of $2.2 billion in one week from February 12th to 16th, a volume higher than any of the 3,400 ETF products available in the US.</p> 
<p class="p1" style="text-align: justify">On February 14th, <strong>BlackRock’s</strong> Bitcoin ETF fund management surpassed 100,000 Bitcoins, marking a significant point in the company’s aggressive acquisitions since the launch of its ETF fund in January.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pyth-network-launches-real-time-data-analysis-for-bitcoin-etfs/" data-wpel-link="internal">Pyth Network Launches Real-Time Data Analysis for Bitcoin ETFs</a></h5>

Pyth Network Launches Real-Time Data Analysis for Bitcoin ETFs

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