VanEck expands crypto products in Europe with Sui ETN on Euronext
VanEck’s move aligns with the rising trend of institutional adoption of blockchain technologies
VanEck, one of the world’s leading asset management firms, has launched a new exchange-traded note (ETN) on Euronext Amsterdam and Paris, focusing on the Sui (SUI) blockchain.
This marks a significant expansion of VanEck’s crypto product offerings in Europe, catering to the growing demand for digital asset exposure among institutional and retail investors, СoinGape reported.
The launch of the Sui ETN comes as part of VanEck’s ongoing strategy to provide diversified investment products in the cryptocurrency space. With this ETN, investors in Europe can now gain direct exposure to the Sui token without the need to hold the asset directly. According to sources, this product aims to simplify access to the emerging blockchain network, which focuses on scalability and low transaction costs.
Sui token sees price surge following ETN launch
The introduction of the Sui ETN has had a notable impact on the token’s market value. Following the announcement, the price of Sui surged by over 9,3%, reaching $3.27. Sui's capitalization reached $28 billion on the DEX on Nov. 13. Analysts suggest that the increased institutional interest driven by VanEck’s endorsement could be a key factor in this rally. The ETN is expected to attract more capital inflows, potentially driving the Sui token higher, with some experts predicting a rally to $5 in the near term.
VanEck’s move aligns with the rising trend of institutional adoption of blockchain technologies. The launch of the ETN is seen as a validation of the Sui blockchain’s capabilities, especially in terms of scalability and transaction efficiency, which are critical for decentralized applications.
What this means for european investors
VanEck’s expansion into the European crypto market with the Sui ETN could open doors for other digital assets to be listed on major exchanges like Euronext. This development underscores the growing appetite for diversified crypto products among European investors, particularly as regulatory frameworks become more accommodating.
With the Sui ETN now available, VanEck is positioning itself as a leader in providing accessible crypto investment options. As the market evolves, further innovations in the ETN space could pave the way for broader adoption of blockchain assets in traditional financial markets.
We previously reported that USDC, the second largest stablecoin by market capitalization, is looking to expand its presence through integration with the Sui Layer-1 (L1) blockchain.
