VSUI
VanEck Sui ETN
VSUI
VanEck Sui ETN
Product Description
Experience the speed and scalability of next-generation blockchain technology. Sui offers instant finality and parallel transaction processing, paving the way for more responsive and user-friendly decentralized applications. The VanEck Sui ETN is a fully-collateralized exchange traded note that invests in the SUI Token.
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NAV$14.15
as of 13 Nov 2024 -
Performance since inception42.86%
as of 13 Nov 2024 -
Total Net Assets$97.95 million
as of 13 Nov 2024 -
Total Expense Ratio1.50%
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Inception Date07 Nov 2024
Overview
Product Description
Experience the speed and scalability of next-generation blockchain technology. Sui offers instant finality and parallel transaction processing, paving the way for more responsive and user-friendly decentralized applications. The VanEck Sui ETN is a fully-collateralized exchange traded note that invests in the SUI Token.
- 100% backed by SUI Token
- Stored at a regulated crypto custodian
- Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
The VanEck Digital Assets ETNs provide the right to redeem against delivery of the respective cryptocurrency. In our opinion, therefore, after the expiry of a holding period of 12 months, the result from the return may be tax-free (non-taxable) for private investors who are taxable in Germany.
This information does not constitute tax advice and cannot replace it. For an assessment of your taxation, please contact your tax advisor.
Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks
Underlying Index
MarketVector™ Sui VWAP Close Index (MVSUIV Index).
Fund Highlights
- 100% backed by SUI Token
- Stored at a regulated crypto custodian
- Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
The VanEck Digital Assets ETNs provide the right to redeem against delivery of the respective cryptocurrency. In our opinion, therefore, after the expiry of a holding period of 12 months, the result from the return may be tax-free (non-taxable) for private investors who are taxable in Germany.
This information does not constitute tax advice and cannot replace it. For an assessment of your taxation, please contact your tax advisor.
Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks
Underlying Index
MarketVector™ Sui VWAP Close Index (MVSUIV Index).