The SUI-based ETN is designed to give investors exposure to the Sui network without requiring direct ownership of the underlying SUI tokens. This structure allows investors to gain exposure to SUI’s performance without the complexity of managing a digital wallet or holding the tokens themselves.
What is the SUI ETN?
Investors purchasing this ETN will see the value of their investment directly reflect the market value of the SUI tokens it tracks. The Investors do not need to interact with the Sui blockchain directly, making the process more accessible to traditional investors.
Sui’s Rapid Growth
Per reports, Sui’s ability to handle multiple transactions simultaneously makes it ideal for applications in sectors that demand speed and scalability, such as gaming and financial services. According to VanEck, Sui provides a user experience similar to popular platforms like Facebook and Robinhood, making it a familiar and affordable option for new users.
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 financial products linked to Bitcoin, Ethereum, and Solana.