VanEck Launches SUI ETN, Expands European Strategy

BE[IN]CRYPTO11-14

VanEck Europe has launched a new SUI-based ETN, expanding its ETN offerings across 15 European countries. The SUI blockchain’s recent price surge may boost investor interest, despite lingering bearish...

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This product is available in 15 European countries and is one of several new VanEck ETNs in this market.Amidst this development, SUI’s price is experiencing massive spikes.For now, this bullish signal for SUI is just one piece in VanEck Europe’s broader ETN strategy, whose overarching goals are unclear. All these ETN offerings in the last month have concentrated within this region, and the firm may continue to launch new products.","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4096":"电气部件与设备","ETN":"伊顿","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00B3CCJ633.GBP":"GUINNESS SUSTAINABLE ENERGY \"C\" (GBP) ACC","BK4215":"住宅房地产投资信托","IE00B2PGVK34.USD":"GUINNESS SUSTAINABLE ENERGY \"C\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4228":"单户式住宅房地产信托","IE00BGHQF417.EUR":"GUINNESS SUSTAINABLE ENERGY \"C\" (EUR) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","SUI":"Sun Communities Inc","LU1861214812.USD":"Blackrock Future of Transport A2 USD","BK4588":"碎股","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H"},"translate_title":"什锦什锦什锦什锦","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SUI":1,"ETN":1},"content_text":"VanEck Europe has launched a new SUI-based ETN, expanding its ETN offerings across 15 European countries.\nThe SUI blockchain’s recent price surge may boost investor interest, despite lingering bearish indicators.\nVanEck’s ETN approach includes a series of blockchain products, such as recent launches for PYTH and Solana staking.\n\nVanEck Europe launched a new exchange-traded note (ETN) based on SUI today. This product is available in 15 European countries and is one of several new VanEck ETNs in this market. \nAmidst this development, SUI’s price is experiencing massive spikes.\nVanEck Europe’s ETN Approach\nAccording to a new press release, asset manager VanEck’s European branch is launching an exchange-traded note (ETN) based on SUI. This product will be available in 15 European countries, several of which are not in the EU. ETNs are very similar to ETFs, but they are riskier assets with generally looser regulatory restrictions.  \nVanEck Europe has been on a spree of ETN activity recently. Last week, it offered a PYTH-based ETN for the same 15 countries, available through the same exchanges. In October, it also added staking rewards to its pre-existing Solana ETN, which is again in Europe. The firm’s press release did not discuss its European ETN strategy but did focus on its choice of SUI.\n\n“In our view, [Sui] has strong growth potential, because its consistently low transaction costs make it a real alternative to older blockchains. The VanEck Sui ETN gives investors the opportunity to participate in the development of this promising blockchain network in a… comparatively simple way,” said Menno Martens, Crypto Product Manager at VanEck Europe.\n\nMartens also praised the Sui blockchain’s scalability and user-friendly design. VanEck Europe’s CEO Martijn Rozemuller also praised its transaction speeds, calling it a bridge between Web2 and Web3. Their choice of SUI is quite timely because it’s currently enjoying an all-time high with tremendous price spikes.\nSUI Price Performance. Source: BeInCrypto\nSUI reached this price spike on November 12, one day before the announcement. By the next morning, however, commentators noticed several bearish signals that might indicate a deeper decline. Shortly afterwards, HIPPO, the first SUI meme coin,  launched, and this helped propel a continued market interest. \nBetween VanEck Europe’s announcement and SUI’s first meme coin, investor hype may be able to overcome some of these ominous long-term prospects. The entire crypto market is experiencing an unprecedented series of bullish portents, and SUI is no exception. Future development may or may not shake investor confidence, but that confidence has been bolstered today.\nFor now, this bullish signal for SUI is just one piece in VanEck Europe’s broader ETN strategy, whose overarching goals are unclear. All these ETN offerings in the last month have concentrated within this region, and the firm may continue to launch new products. \n\n\n\n\nTop crypto projects in the US | November 2024\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\nChain GPT\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto projects in the US | November 2024\n\n\nCoinbase\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\n3Commas\n\n\n\n\n\n\n\n\nChain GPT","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483816890"}