VanEck Expands Crypto Options in Europe with New SUI-Based ETN

VanEck's new SUI ETN simplifies access to Sui technology for European investors

The ETN is listed on Euronext in Amsterdam and Paris, backed by secure custodianship

VanEck enhances its Solana ETN with staking rewards, adding value for investors

VanEck, the global asset management firm, recently unveiled its new SUI-based exchange-traded note (ETN). The ETN is now available on Euronext Amsterdam and Euronext Paris, allowing investors across more than 15 European countries to access SUI without purchasing or storing the token directly

This SUI-focused ETN aims to simplify access for investors by utilizing Bank Frick, a trusted custodian based in Liechtenstein. The collaboration ensures secure protocols are in place, safeguarding investor assets as they navigate the expanding digital landscape.

Gap Kim, the Head of Marketing at the Sui Foundation, emphasized the importance of VanEck’s launch. He described the ETN as a critical development for the Sui eco, reflecting growing institutional interest. Kim highlighted VanEck's reputation in the financial sector, noting that its support validates Sui’s long-term vision and technology.

Menno Martens, Crypto Specialist and Product Manager at VanEck, echoed similar sentiments, acknowledging Sui as an innovative player in the blockchain space

He praised Sui’s scalability and cost-efficiency, describing it as an advanced network capable of meeting increasing demands for blockchain-based applications. Martens believes these strengths position Sui for significant growth as more investors explore blockchain solutions.

CEO Martijn Rozemuller also recognized Sui’s high-speed transactions and low costs, which he said align with the market’s needs for efficient blockchain services.

In addition to its SUI-based offering, VanEck expanded its Solana ETN capabilities by introducing staking rewards at the end of October. Investors participating in this program can receive daily rewards with a 25% staking fee upon enrollment

VanEck ensures that the custodian securely holds the Solana tokens backing the ETN in cold storage, providing an extra layer of security. The staking rewards are reinvested daily after fees are deducted, enhancing the ETN’s overall value.