# CoinShares joins Pyth Network to supply on‑chain crypto price data

**Published:** 2026-07-01T02:06:07.613Z  
**Topic:** Pyth Network  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/dd011426-8d45-4a43-b0c0-11a5a85e2276

CoinShares, Europe’s biggest digital‑asset manager, will feed real‑time crypto pricing to the Solana‑based Pyth oracle, boosting data transparency for DeFi

CoinShares announced it will contribute live cryptocurrency market data directly on‑chain to the Pyth Network, a Solana‑powered oracle that aggregates latency‑sensitive price feeds for high‑frequency trading and DeFi applications【3】. The partnership aims to improve data transparency and reduce reliance on third‑party aggregators, a concern regulators have cited when denying retail crypto ETPs and ETFs【3】.  

| At a glance | |
|---|---|
| Partner | CoinShares joins Pyth Network |
| Announcement date | Aug 4 2021 |
| AUM | > $3 billion managed globally【2】 |
| Pyth role | On‑chain oracle for real‑time crypto pricing on Solana【3】 |

## Data integration and regulatory backdrop  
CoinShares, founded in 2013 and listed on Nasdaq First North Growth (ticker CS), has a track record of pioneering regulated crypto products, including the first Bitcoin hedge fund and the first exchange‑traded Ether product【2】. By feeding its price data straight to Pyth, the firm bypasses traditional data aggregators, allowing DeFi protocols to access verifiable, low‑latency market prices directly from the blockchain. The move addresses regulator‑cited opacity in crypto pricing, which has been a key reason for denying retail crypto ETPs and ETFs【3】.  

## Strategic fit with Solana and future infrastructure upgrades  
Pyth is built on Solana, a blockchain noted for fast transaction throughput and low fees, making it suitable for high‑frequency trading environments where speed and accuracy are critical【3】. CoinShares previously participated in Solana’s token sale in Q2 2021 and is evaluating migration of its core trading and capital‑markets infrastructure onto the Solana network【3】. This alignment suggests the partnership could be a stepping stone toward broader on‑chain migration of CoinShares’ trading systems, potentially enhancing liquidity and operational efficiency for its $3 billion of assets under management.  

## What to watch  
- **Pyth token price** – market reaction to the partnership could be reflected in PYTH token movements, as seen when other institutional adoptions triggered near‑90 % rallies【5】.  
- **Solana integration milestones** – any announced timeline for CoinShares’ migration of trading infrastructure onto Solana would signal deeper on‑chain adoption.  
- **Regulatory filings** – future statements from European regulators on crypto ETP transparency could indicate whether the data‑visibility gains from Pyth influence approval decisions.  

CoinShares’ entry into the Pyth Network underscores a growing trend of institutional players seeking on‑chain data solutions to meet regulatory expectations and to power the next generation of DeFi applications. Whether this collaboration will spur broader adoption of decentralized oracles remains to be seen.

## Sources
1. Staking — [Pyth Network Staking & Delegation](https://staking.pyth.network/)
2. Pythnetwork — [New Pyth Data Provider: CoinShares | by Pyth Network | Medium](https://pythnetwork.medium.com/new-pyth-data-provider-coinshares-efbde4217c14?source=user_profile---------8----------------------------)
3. Prnewswire — [CoinShares Joins Pyth Network to Improve Transparency and...](https://www.prnewswire.com/news-releases/coinshares-joins-pyth-network-to-improve-transparency-and-availability-of-cryptocurrency-data-301347814.html)
4. Crunchbase — [Pyth Network - Recent News & Activity](https://www.crunchbase.com/organization/pyth-network/investor_summary/overview_timeline)
5. Gate — [PYTH Soars 90% After U.S. Commerce Department Uses... | Gate Blog](https://www.gate.com/blog/pyth-soars-90-after-us-commerce-department-uses-pyth-network-to-provide-data)

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Cite as: TrendWatcher, "CoinShares joins Pyth Network to supply on‑chain crypto price data", https://www.trendwatcher.in/article/dd011426-8d45-4a43-b0c0-11a5a85e2276