Key Takeaways:
VanEck is an investment firm that manages over $100 billion in assets. They have a history of identifying the trends in the financial market that are likely to create impactful investment opportunities. They are one of the first US asset managers to offer investment access to international investors. As per the new press release they are planning to launch an Exchange Traded Note (ETN) based on Sui.
Sui is a scalable blockchain developed by Mysten Labs which consists of developers from well-known companies including Microsoft, Apple, and Meta. Sui is designed in the ‘Move’ programming language that supports the scalability and ease of use for both developers and end users.
This exchange-traded note will be available in 15 European countries including the countries that are excluded from European Union. Exchange-traded notes are similar to Exchange-traded funds but the risk factor of assets increases as there are more liberal regulatory restrictions.
VanEck Europe expressed its increasing interest in the ETN activity recently. In the last week, they have released PYH-Based ETN for the same 15 countries. All these ETNs are made available through the same exchanges. In October the platform announced rewards to its pre-existing Solana ETN in the same parts of Europe.
Why Sui is Chosen?
According to VanEck Sui has growth potential due to its faster transactions and lower transaction charges. The platform is equipped to perform multiple transactions simultaneously. This feature is ideal for applications that rely on real-time interactions such as the financial sector or gaming. While major cryptocurrencies like Bitcoin and Ethereum process transactions one after the other causing delays and increase in the rates.
The firm considers Sui to be a real alternative to the existing older blockchains. The aim of releasing the ETN is to improve the participation of the clients in the development of this promising blockchain network in a convenient manner. The scalability and user-friendly design along with the transaction speed of Sui have the potential to be a bridge between Web2 and Web3.
SUI Token: Current Performance Analysis
Sui is also performing well in the market as the coin is at its all-time high with tremendous price hikes. Sui reached this level one day before the announcement of ETN. There was a bearish trend after the announcement but the launch of the first Sui coin named Hippo helped to reverse the trend.
The investor’s hype was created as a result of the VanEcks announcement and Sui’s first meme coin. The crypto market is experiencing a bullish trend and Sui is also a part of it. There is a confidence created in the Sui in the current market conditions but the future remains uncertain. The trading volume of Sui is $3,681,857,526 for the past 24 hours. This indicates that Sui has increased by 89.40% compared to the previous day. The recent rise in the market activity of Sui is attracting investors around the world.
VanEck Effect on Sui: Future Perspectives Analysis
VanEck has a broader ETN strategy and the bullish trend of Sui indicates the success of the strategies. The major goal of the firm remains unclear. All the launches of their ETNs are concentrated in the same region and the market awaits the launch of new products of the firm.
The VanEck Sui ETN is fully collateralised, That is there is a digital asset backup in the “cold storage”. The listing of Sui into the exchanges means the investors can now access the ETN like other financial products. There will be fluctuations in the trading prices of financial assets. These fluctuations are likely to continue as the volatility of the product in the market increases.
Digital assets are a recent development in the financial sector. So many countries still do not have much regulation for the management of these assets. The value of these digital assets is dependent on these regulations and the available technological opportunities
VanEck offers active and passive strategies to its clients with exposure to well-designed investment processes. The firm provides services that range from core investment opportunities to more specialized opportunities to enhance the portfolio diversification of its clients. The strategies developed by VanEck are developed by in-depth research by the portfolio managers. The key factors of investment decisions are liquidity, diversity, and transparency of the market. The portfolio managers have direct experience in these key factors, sectors, and regions where the investments are made.
Read More: Big Banks Accrue $1.4 Billion In Profit From Bitcoin’s Run To $90,000
