VanEck Sui ETN Now Available For Europe Region

Key Points:

• VanEck launched a Sui ETN on Euronext Amsterdam and Paris, allowing investors to gain exposure to the Sui network without directly holding SUI tokens.
• The VanEck Sui ETN is fully collateralized and securely held in cold storage, with Bank Frick in Liechtenstein acting as the regulated custodian.

Asset management firm VanEck has continued its expansion of cryptocurrency-linked products in Europe by launching the Sui ETN live on both Euronext Amsterdam and Paris.

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VanEck Sui ETN Goes Live on European Exchanges

VanEck Sui ETN gives investors an opportunity to take exposure to the Sui ecosystem without needing to actually hold the SUI tokens themselves, and it does so through a much more straightforward and simpler investment path.

The ETN tracks the MarketVector Sui VWAP Close Index, which is a direct tracker of the value of the SUI token. Sui is a decentralized smart contract platform by Mysten Labs, and SUI is its native cryptocurrency to serve the purpose of enabling transaction processing on the network. Full collateralization occurs within the VanEck Sui ETN, which means actual buying of the represented digital assets is done and safely kept in cold storage for enhanced asset protection.

VanEck Expands its Cryptocurrency Investment Products to be Available Across Europe

For highly secure custody of cryptocurrencies, VanEck has a partnership with Bank Frick, a regulated custodian in Liechtenstein, in the EEA region.

The VanEck Sui ETN’s post-listing on regulated stock exchanges means that investors can sell and buy the product with the same ease as any other asset listed on such exchanges. It also comes with a TER of 1.5%, although it is tied to the high volatility usually attached to cryptocurrencies.

This is just a week after VanEck announced the listing of another ETN, this time connected with the Solana-backed project called Pyth Network. The Pyth ETN shall be directed at extending access to the Pyth ecosystem by making it possible for investors in up to 15 European countries to get closer to the network without holding digital assets directly again, cementing the lead of VanEck’s inaccessible cryptocurrency investment alternatives in Europe.