VanEck Expands Crypto Portfolio with New SUI ETN for European Investors

VanEck, one of the world’s leading investment firms with over $100 billion in assets under management, has broadened its cryptocurrency offerings with the launch of a new Exchange-Traded Note (ETN) based on the SUI cryptocurrency. This new product is now available on Euronext Amsterdam and Paris, providing investors across 15 countries with seamless access to the rapidly growing Sui blockchain.

The SUI-based ETN allows investors to gain exposure to the performance of SUI tokens without the need for direct ownership, wallet management, or handling digital tokens. This makes it a compelling option for traditional investors who want to engage with the crypto market without navigating the complexities of blockchain technology.

What is the SUI ETN?

The VanEck SUI ETN is fully backed by SUI tokens held securely with Liechtenstein’s Bank Frick, ensuring that the value of the ETN tracks the market price of the tokens it represents. It mirrors the performance of the MarketVector Sui Network VWAP Close Index and carries an expense ratio of 1.5%.

For investors, the SUI ETN provides a straightforward way to gain exposure to the Sui blockchain’s growth and performance, while eliminating the need to directly interact with the Sui network. This makes it an attractive product for those familiar with traditional investment products but new to the intricacies of crypto ownership.

Sui Blockchain’s Rapid Growth

Sui, a high-performance decentralized smart contract platform, has made remarkable strides in the blockchain space. Created by former Meta engineers, the platform has demonstrated exceptional scalability and speed, handling multiple transactions simultaneously. This makes it especially suited for applications in sectors like gaming, financial services, and DeFi (decentralized finance).

In the past year, Sui has seen explosive growth, with a 400% increase in total value locked (TVL) and a 692% rise in DeFi transaction volume. These figures underscore the blockchain’s strong adoption and its potential to drive the future of decentralized applications (dApps).

VanEck’s new SUI ETN comes at a time when institutional confidence in the Sui blockchain is soaring. Partnerships with major firms, such as Copper, Zero Hash, and Fordefi, along with the integration of popular stablecoins like USDC and AUSD, are a testament to the platform’s increasing relevance in the crypto and blockchain ecosystem.

VanEck’s Continued Expansion in Crypto

The launch of the SUI ETN is the latest step in VanEck’s ongoing strategy to diversify its crypto investment products. The firm has already introduced financial products linked to established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), and now it has added Sui to its growing portfolio.

By expanding its offerings to include SUI, VanEck is positioning itself as a key player in the emerging blockchain and cryptocurrency sectors. This product reflects the firm’s confidence in the Sui network’s potential, while giving traditional investors a simplified path to participate in this innovative blockchain ecosystem.

A Growing Market for Blockchain and Crypto

As institutional adoption of blockchain technology and cryptocurrencies continues to rise, products like the SUI ETN provide a bridge between traditional finance and the emerging world of digital assets. With its easy-to-access structure, this ETN offers a low-barrier entry point for those who want to gain exposure to one of the most exciting and scalable blockchains in the market today.

VanEck’s continued expansion into the crypto space signals its commitment to offering investors a diverse range of tools to engage with this dynamic market, further solidifying the firm’s role as a leader in both traditional and digital asset investment.

With the launch of the SUI ETN, VanEck is once again demonstrating its proactive approach to the evolving cryptocurrency and blockchain markets. The firm’s decision to include Sui in its product offerings underscores the blockchain's strong growth potential and its position as a key player in the decentralized finance (DeFi) space. For European investors looking to capitalize on the rise of blockchain innovation, the SUI ETN presents an ideal opportunity to gain exposure to the Sui network without the complexity of managing digital tokens.

As the crypto ecosystem continues to expand, VanEck’s latest product offering reinforces its commitment to providing investors with secure, transparent, and regulated ways to access the rapidly evolving world of blockchain technology.