by aria-crypto.com
November 14, 2024 at 05:45
VanEck Europe Boosts Crypto Offerings with SUI-Based ETN
VanEck Europe has expanded its array of financial products with the introduction of a new exchange-traded note (ETN) focused on the Sui blockchain, now available in 15 European countries. The SUI ETN aims to attract investors by allowing them to capitalize on the growth of the Sui network without directly owning the tokens. Known for its low transaction costs and high-speed performances, SUI has reached a new all-time high, displaying significant market excitement. This product is part of a broader strategy by VanEck Europe, which has recently included the launch of several ETNs and the addition of staking rewards for its Solana ETN. Crypto Product Manager Menno Martens highlighted Sui's scalability and cost efficiency as key factors in their choice, suggesting SUI as a competitive alternative to established blockchains. Despite some bearish signals after the price spike, the introduction of HIPPO, the first meme coin on SUI, boosted investor interest, further enhancing the bullish outlook for the blockchain. VanEck’s recent ETN offerings aim to bridge traditional finance with decentralized applications, marking a significant step in integrating DeFi advancements with real-time financial services.
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