#Write2Earn DeFi Devs get real-time Bitcoin #ETF data with #PythNetwork #TrendingTopic

🔷 #PythNetwork introduces Bitcoin ETF price feeds to allow DeFi developers access to real-time market data, bridging the gap between traditional finance and decentralized finance.

🔶 Pyth Network, a provider of real-time market data for blockchain applications, announced on Feb. 20 the launch of price feeds for 13 Bitcoin exchange-traded funds (ETFs), making accurate price data of Bitcoin ETFs readily available to developers building decentralized finance (DeFi) protocols.

🔷 The approval of Bitcoin ETFs in the United States in Jan. 2024 was a landmark event for the crypto industry, which opened up regulated exposure to Bitcoin.

📍BTC tickers down📍

$51,213

🔶 for mainstream investors still hesitant to take the plunge into the space via direct ownership.

♦️ This latest initiative from the Pyth Network aims to bridge the gap between traditional financial (TradFi) and DeFi, though from the DeFi side allowing its developers access to real-time data on the ETFs. Pyth said this could also help DeFi platforme expand portfolio options, improve risk mitigation strategies and help enhance liquidity by potentially attracting institutional capital on-chain. $BTC $PYTH