VanEck Launches New Altcoin ETN for Blockchain Exposure

Bitget App

Trade smarter

Cryptodnes2024/11/15 00:22

By:Cryptodnes

VanEck, a prominent global asset management firm, has introduced its latest crypto-focused investment product, the VanEck SUI ETN, now available on Euronext Amsterdam and Paris.

This exchange-traded note (ETN) offers investors a way to gain exposure to the SUI blockchain’s growth without needing to hold SUI tokens directly. It aims to provide a gateway for broader participation in decentralized finance (DeFi) and fast blockchain applications.

The SUI blockchain, developed by Mysten Labs, is designed to handle decentralized smart contracts with remarkable speed. Unlike traditional blockchains like Bitcoin and Ethereum, which process transactions in a sequential manner, SUI processes them in parallel.

This enables much faster transaction times and lower costs, making it particularly well-suited for applications requiring real-time interactions, such as financial services and gaming.

Blockchain Project Partners with Google Cloud to Strengthen Web3 Innovation

Martijn Rozemuller, CEO of VanEck Europe, emphasized the importance of quick transaction finality in the DeFi space, noting that SUI’s architecture bridges the gap between Web2 and Web3 in a user-friendly way.

Mysten Labs, the team behind SUI, brings deep experience from leading tech companies like Microsoft, Apple, and Meta. Notably, SUI utilizes a modified version of the Move programming language, initially developed for Meta’s Diem cryptocurrency project, to enhance scalability and user experience.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Hackers targeted major Australian superannuation funds, stealing $500,000 from a few accounts and exposing personal data. Authorities and financial institutions are responding to the breach, urging members to check accounts and update passwords. Credential stuffing using stolen passwords is suspected in the attacks, prompting warnings to use unique logins and enable multifactor authentication.

Cryptopolitan•2025/04/06 03:22

Meta to end third-party fact-checking in U.S. on April 7

Share link:In this post: Meta will shut down its U.S. third-party fact-checking program on April 7, 2025, ending partnerships with groups like PolitiFact. It will be replaced by Community Notes, a system that lets users add context to posts without triggering penalties. Zuckerberg criticized the old system as biased and overly censorious, and said the change aims to support free speech. Meta is also relocating its moderation teams to Texas, a move some experts say is politically motivated.

Cryptopolitan•2025/04/06 03:22