VanEck, a global asset management firm and US spot Bitcoin ETF issuer, has launched a new exchange-traded note (ETN) tied to Sui token from the Sui blockchain network. The ETN, available on Euronext Amsterdam and Euronext Paris, allows European investors in over 15 countries to gain exposure to SUI without directly holding the asset.
The product tracks the MarketVector Sui Network VWAP Close Index and is fully backed by SUI tokens held with Liechtenstein’s Bank Frick. It has a total expense ratio of 1.5%. Sui is a decentralized smart contract platform aiming to process transactions quickly and efficiently. Unlike older blockchains like Bitcoin and Ethereum that process transactions sequentially and often incur delays and high costs, Sui can handle multiple transactions simultaneously.
This capability makes Sui ideal for applications requiring real-time transactions, such as financial services and gaming. VanEck selected Sui for its ETN due to its high performance and user-friendly design. Sui’s scalability and cost-effectiveness make it a potential alternative to older blockchains.
The VanEck Sui ETN gives investors the opportunity to participate in the development of this promising blockchain network in an exchange-traded and comparatively simple way.
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<p>The post VanEck Launches SUI ETN on Euronext Amsterdam and Euronext Paris, Offering European Investors Exposure to Sui Blockchain Network first appeared on CoinBuzzFeed.</p>
