VanEck, a prominent crypto asset manager, has officially expanded its offerings to include VanEck Sui ETN on Euronext Amsterdam and Euronext Paris. This initiative will provide investors with a new opportunity to tap into the growth of the Sui blockchain ecosystem. This exchange-traded note (ENT) is designed to allow users to gain exposure to the Sui blockchain’s native token, SUI.
Investing in Sui via the VanEck ETN
The VanEck Sui ETN is designed to offer investors an accessible way to participate in Sui’s growth without directly holding the SUI token. The ETN tracks the MarketVector Sui VWAP Close Index, which is linked to the value of the SUI token. This provides investors a straightforward way to access and invest in the promising Sui blockchain.
Menno Martens, Crypto Product Manager at VanEck Europe, highlighted Sui’s scalability and cost-effectiveness. He noted that its low transaction fees make it a strong competitor to older blockchains.
He also emphasized the network’s growth potential, which is set to meet the increasing demand for efficient, blockchain-based transactions. However, as Sui is a newer blockchain, investors must be aware of the uncertainties surrounding future regulations and technological advancements.
VanEck Sui ETN: A Secure, Affordable Path into Sui Blockchain
Security is always a key concern in digital assets, and VanEck has ensured that the VanEck Sui ETN is fully collateralized. The underlying digital assets are held securely in cold storage by Bank Frick, a regulated custodian based in Liechtenstein.
This high-security standard protects investors from the volatility risks of digital assets. Listed on regulated exchanges like Euronext Amsterdam and Euronext Paris, the ETN provides investors with a secure platform.
It features a total expense ratio (TER) of 1.5%, making it a cost-effective entry into the Sui blockchain. Though cost-effective, the digital investment product carries considerable risk due to the inherent volatility of digital assets.
Sui Blockchain: Speed and Efficiency at Its Core
Sui is a decentralized smart contract platform designed to revolutionize transaction speeds. Unlike older blockchains like Bitcoin or Ethereum, which process transactions sequentially, Sui uses parallel processing.
This feature allows multiple transactions to be processed simultaneously, significantly reducing delays and increasing efficiency. Sui’s ability to handle real-time transactions makes it particularly suitable for industries like decentralized finance (DeFi ) and gaming. Speed and low transaction costs are crucial for success in these sectors.
Beyond speed, Sui’s user-friendly design protocol bridges Web2 and Web3, promoting its mainstream adoption by developers and end-users alike. The network is developed by Mysten Labs, a company backed by Microsoft, Apple, and Meta.
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