Bitcoin ETF

DeFi

Pyth Network

The Pyth Network has introduced its Bitcoin ETF Price&nbsp;Feeds to provide DeFi developers and consumers with real-time, reliable pricing data for 13 Bitcoin exchange-traded funds. 
For the cryptocurrency sector, the introduction of Bitcoin ETFs this year marked a major turning point. The world’s biggest cryptocurrency is now accessible to mainstream investors thanks to Bitcoin ETFs, which eliminate the security and technical complexities associated with purchasing and maintaining real Bitcoin. 
It is anticipated that Bitcoin ETFs would act as a link between the cryptocurrency world and conventional finance, giving a wide spectrum of market players controlled exposure to Bitcoin’s price fluctuations. The <a href="https://pyth.network/price-feeds?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Pyth Price Feeds catalog’s</a> thematic&nbsp;addition paves the way for further institutional participation in Web3 and on-chain financial innovation. 
<h3 class="wp-block-heading" id="h-significance-of-bitcoin-etfs">Significance of Bitcoin ETFs</h3> 
Both institutional and individual investors have shown a great deal of interest in Bitcoin, the pioneering&nbsp;cryptocurrency. The importance of these financial products cannot be overstated, since 13 prominent financial institutions—ARK Invest, BlackRock, VanEck, WisdomTree, Fidelity, Invesco, Franklin, Hashdex, Valkyrie, Grayscale, and Bitwise—were the first to receive&nbsp;Bitcoin ETFs approval. 
Now, developers are able to integrate price feeds for Bitcoin ETFs from Pyth Network’s wide range of offerings: 
<ul> 
 <li><a href="https://pyth.network/price-feeds/equity-us-arkb-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">ARKB</a>: ARK 21Shares Bitcoin ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-bitb-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">BITB</a>: Bitwise Bitcoin ETF Trust</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-bits-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">BITS</a>: Global X Blockchain &amp; Bitcoin Strategy ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-brrr-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">BRRR</a>: Valkyrie Bitcoin Fund</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-btco-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">BTCO</a>: Invesco Galaxy Bitcoin ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-btcw-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">BTCW</a>: WisdomTree Bitcoin Trust</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-btf-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">BTF</a>: Valkyrie Bitcoin and Ether Strategy ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-defi-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">DEFI</a>: Hashdex Bitcoin ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-ezbc-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">EZBC</a>: Franklin Bitcoin ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-fbtc-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">FBTC</a>: Fidelity Wise Origin Bitcoin Trust</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-gbtc-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">GBTC</a>: Grayscale Bitcoin Trust</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-hodl-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">HODL</a>: VanEck Bitcoin Trust</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-ibit-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">IBIT</a>: iShares Bitcoin Trust</li> 
</ul> 
<h3 class="wp-block-heading" id="h-benefits-of-bitcoin-etf-price-feeds-on-chain">Benefits of Bitcoin ETF Price Feeds on-Chain</h3> 
It is anticipated that Bitcoin ETFs would reduce entry barriers and increase the market’s efficiency, transparency, and liquidity. 
The following are some benefits of including&nbsp;Bitcoin ETFs in DeFi: 
Portfolio Growth: 
DeFi systems may provide users with further diversification choices beyond simply cryptocurrencies and integrate their platform with conventional finance players by introducing Bitcoin ETFs as a supported market. 
Enhanced Risk Handling 
With the help of Bitcoin ETFs, investors may use risk-reduction techniques that may help them better manage the inherent volatility of cryptocurrencies. 
Enhanced Liquidity: 
The addition of Bitcoin ETFs to DeFi platforms has the potential to draw in institutional money, increasing liquidity and improving user experience as well as overall market efficiency. 
Connecting Conventional and Decentralized Finance: 
By fostering a more productive and closer interaction between DeFi and conventional financial markets, integrating Bitcoin ETFs may help Web3 financial rails gain greater traction and legitimacy. 
Creative Financial Solutions: 
Gaining access to pricing data on Bitcoin ETFs opens up new possibilities for customized DeFi products that serve both sophisticated institutional and individual investor strategies. 
<h3 class="wp-block-heading" id="h-extra-feeds-on-etf-prices-for-developers">Extra Feeds on ETF Prices for Developers</h3> 
Real-time feeds for many additional exchange-traded funds are also supported by the Pyth Network, including: 
<ul> 
 <li><a href="https://pyth.network/price-feeds/equity-us-dia-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">DIA</a>: SPDR Dow Jones Industrial Average ETF Trust</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-dow-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">DOW</a>: Dow Jones Industrial Average</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-eem-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">EEM</a>: iShares MSCI Emerging Markets ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-efa-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">EFA</a>: iShares MSCI EAFE ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-gld-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">GLD</a>: SPDR Gold Trust (GLD)</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-govt-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">GOVT</a>: iShares U.S. Treasury Bond ETF (GOVT)</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-hyg-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">HYG</a>: iShares iBoxx&nbsp;$ High Yield Corporate Bond ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-ivv-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">IVV</a>: iShares Core S&amp;P 500 ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-iwm-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">IWM</a>: iShares Russell 2000 ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-mint-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">MINT</a>: PIMCO Enhanced Short Maturity Active Exchange-Traded Fund</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-qqq-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">QQQ</a>: Invesco QQQ Trust Series 1</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-shv-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">SHV</a>: iShares Short Treasury Bond ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-spy-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">SPY</a>: SPDR S&amp;P 500 ETF Trust</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-tlt-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">TLT</a>: iShares 20 Plus Year Treasury Bond ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-usfr-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">USFR</a>: WisdomTree Floating Rate Treasury Fund</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-uso-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">USO</a>: United States Oil ETF</li> 
 <li><a href="https://pyth.network/price-feeds/equity-us-voo-usd?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">VOO</a>: Vanguard S&amp;P 500 ETF</li> 
</ul> 
<h3 class="wp-block-heading" id="h-get-started">Get Started</h3> 
One&nbsp;may get all of the Pyth Network’s ETF pricing feeds <a href="https://pyth.network/price-feeds?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">here</a>. Because of Pyth’s creative <a href="https://pyth.network/blog/pyth-a-new-model-to-the-price-oracle?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">pull oracle architecture</a>, on-chain protocols may operate more profitably and efficiently by ensuring excellent data retrieval. 
If you want to learn more about the Pyth ecosystem, you may go at the official resources and documentation: 
<ul> 
 <li><a href="https://pyth.network/?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Pyth Website</a></li> 
 <li><a href="https://docs.pyth.network/?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Pyth Docs</a></li> 
 <li><a href="https://docs.pyth.network/consume-data/best-practices?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Pyth Best Practices</a></li> 
 <li><a href="https://docs.pyth.network/consume-data/on-demand?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Pyth On-Demand Update</a></li> 
 <li><a href="https://discord.gg/invite/PythNetwork?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Pyth Discord</a></li> 
</ul> 
Pyth Network’s commitment to maximizing DeFi’s potential is further shown by the incorporation of Bitcoin ETF price feeds. The Pyth contributors are steadfast in their commitment to provide the decentralized finance ecosystem with trustworthy, real-time information, even as the Pyth Network expands its asset offerings to include cryptocurrencies, exchange-traded funds, and more. 
We would like to know what you think. Follow Pyth on <a href="https://twitter.com/PythNetwork?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">X</a> and hop on the Pyth <a href="https://t.me/Pyth_Network?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Telegram</a> and <a href="https://discord.com/invite/PythNetwork?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Discord</a> channels. <a href="https://linktr.ee/PythNetwork?ref=pyth-network.ghost.io" target="_blank" rel="noreferrer noopener nofollow">Here’s</a> where you can find out more about Pyth.

Pyth Network Introduces Real-Time Bitcoin ETF Price Feeds

Table of Contents

TheNewsCrypto

Άλλα άρθρα που δημοσιεύτηκαν στις 21 Φεβ 2024

Polygon Deploys Palm Recognition Technology In AI Battlefront; Key Details Inside

How to Revoke Token Approvals in MetaMask

Lido adds support for 1inch as withdrawal aggregator

Microsoft Ventures into Networking Hardware Development to Enhance Azure Infrastructure

Here’s How Stellar’s New Feature Could Spark Excitement for XLM Adoption

SEC enforcement attorney joins law firm defending crypto companies

Join our free newsletter for daily crypto updates!