• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

New SUI-Based ETN Launched by VanEck

user avatar

by Giorgi Kostiuk

8 months ago


VanEck, managing over $100 billion in assets, launched a new Exchange-Traded Note (ETN) based on the SUI cryptocurrency, now available on Euronext exchanges in Amsterdam and Paris, offering investors in over 15 countries access to the Sui blockchain.

What is the SUI ETN?

The VanEck SUI ETN is fully backed by SUI tokens held with Liechtenstein’s Bank Frick, ensuring that the value of the ETN mirrors the value of the tokens it represents. The ETN tracks the MarketVector Sui Network VWAP Close Index and has a total expense ratio of 1.5%. Investors do not need to interact with the Sui blockchain directly, making the process more accessible to traditional investors.

Sui’s Rapid Growth

Sui, a decentralized smart contract platform, has experienced impressive growth in recent months. The blockchain boasts a 400% increase in total value locked (TVL) and a 692% rise in DeFi volume over the past year. Reports indicate Sui's capability to handle multiple transactions simultaneously makes it ideal for applications requiring speed and scalability, such as gaming and financial services. VanEck notes that Sui provides a user experience similar to popular platforms.

VanEck Expands Crypto Product Offerings

VanEck’s decision to add SUI to its growing portfolio of crypto-focused financial products underscores the firm's belief in the blockchain's future. It previously launched products linked to Bitcoin, Ethereum, and Solana. The launch of the SUI ETN follows increased institutional confidence in the Sui blockchain. The past year has seen significant developments, including partnerships with companies like Copper, Zero Hash, and Fordefi. Stablecoins like USDC and AUSD also recently integrated with the Sui network.

The launch of VanEck’s new ETN illustrates the ongoing growth of investor interest in blockchain platforms like Sui, highlighting substantial market changes related to increased institutional confidence and the integration of new financial products.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Polkadot (DOT) Surges Following Bitcoin's Rise: Current Market Analysis

chest

Prices of DOT have increased by 5% in response to the recent Bitcoin rally, indicating growing investor interest in altcoins.

user avatarGiorgi Kostiuk

What Does the Fed's Transition to ISO 20022 Mean for Crypto?

chest

Learn about the upcoming Fed transition to ISO 20022 and its potential implications for cryptocurrencies, especially XRP.

user avatarGiorgi Kostiuk

Bitcoin Price Spikes, Exceeding $117,000 Amid Massive Liquidations

chest

Bitcoin reached $117,000 supported by $1.17 billion in liquidations. It overtook Alphabet in market capitalization.

user avatarGiorgi Kostiuk

Ethereum Breaks Above $3,000 Driven by Whales and Options Expiry

chest

Ethereum surpasses $3,000, driven by options expiry and substantial whale accumulation.

user avatarGiorgi Kostiuk

Eric Trump on Ethereum: Market Impact and Recovery

chest

Eric Trump endorsed Ethereum in February 2025, sparking market interest. Learn about the consequences and price recovery.

user avatarGiorgi Kostiuk

Grayscale’s Updated List: New Investment Opportunities in Cryptocurrency

chest

Grayscale has unveiled an updated list of potential investment products, anticipating broad opportunities in the crypto market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.