Bitcoin ETF

Bitcoin

Spot

Global asset management firm VanEck has launched its latest crypto-based investment product, the VanEck SUI ETN, which is listed on Euronext Amsterdam and Euronext Paris.
The exchange-traded note (ETN) will provide investors with exposure to the development of the SUI blockchain without directly holding SUI tokens, enabling broader participation in the growing decentralized finance (DeFi) ecosystem and high-speed blockchain applications.
According to the official press release, the SUI blockchain developed by Mysten Labs is a decentralized smart contract platform known for its fast transaction processing capabilities. Unlike traditional blockchains such as Bitcoin and Ethereum, which process transactions sequentially, SUI allows for simultaneous transactions. Offering significant advantages in terms of speed and cost, this feature makes SUI ideal for applications that require real-time interaction, such as financial services and online games.
Related News: <a href="https://en.bitcoinsistemi.com/elon-musk-speaks-about-dogecoin-doge-after-a-long-time-btc-price-reacts/" target="_blank" rel="noopener noreferrer nofollow">Elon Musk Speaks About Dogecoin (DOGE) After A Long Time - BTC Price Reacts</a>
“High-speed transaction finality is crucial, especially in DeFi,” said Martijn Rozemuller, CEO of VanEck Europe. “SUI was designed in a user-friendly way, acting as a bridge between Web2 and the decentralized Web3.”
Blockchain’s development team at Mysten Labs brings experience from leading tech firms like Microsoft, Apple, and Meta. SUI, in particular, uses a modified version of the Move programming language, originally designed for Meta’s Diem cryptocurrency project, providing a solid foundation for scalability and user-centric design.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-etf-owner-vaneck-launches-spot-etf-for-surprise-altcoin-in-europe/" rel="noopener noreferrer nofollow">Bitcoin ETF Owner VanEck Launches Spot ETF for Surprise Altcoin in Europe</a>

Bitcoin ETF Owner VanEck Launches Spot ETF for Surprise Altcoin in Europe

Bitcoin Sistemi EN

Other articles published on Nov 13, 2024

Litecoin’s Surprising Surge: Is Now the Time to Buy Before the Next Big Rally?

Bitwise to Launch First-Ever Aptos Staking ETP on SIX Swiss Exchange

Crypto Millionaires Pick 5 Altcoins Under the Radar That Could Skyrocket 500x in 2024!

Inside the FTX Scandal: Michael Lewis’ Exposé Hits Hollywood

Binance’s Dominance in South Korea Sparks Anti-Monopoly Concerns

Coincheck Moves Forward with Nasdaq Listing

Join our free newsletter for daily crypto updates!