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VSUI VanEck Sui ETN Please read important disclosure Close important disclosure true
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VSUI

VSUI
VanEck Sui ETN

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VSUI

VSUI
VanEck Sui ETN

ISIN: DE000A4A5Z72 copy-icon
WKN: A4A5Z7 copy-icon

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.

  • NAV
    $21.03

    as of 17 Dec 2024
  • Performance since inception
    112.39%

    as of 17 Dec 2024
  • Total Net Assets
    $166.13 million

    as of 17 Dec 2024
  • Total Expense Ratio
    1.50%
  • Note Characteristic
    Physical Redemption*

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).

Capital Markets

VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.

Performance

Holdings

Portfolio

Literature

Index

Index Description

MVSUIV is a rules based, modified capitalization weighted index intended to give investors a means of tracking the overall performance of the leading digital asset regarding size, liquidity, legitimacy/quality and infrastructure. The intraday price, which is disseminated every 15 seconds, is based on a methodology which collects prices from several digital assets exchanges and weights them based on their liquidity. The closing price, disseminated at 16:00:00 PM CET is a volume weighted average of the last 60 minutes prior to close. Further information about MVSUIV e.g. with regards to the index methodology and changes of the index may be found on www.marketvector.com.

Awards

Main Risk

Main Risk Factors of a Sui ETN

Despite all the hype, digital assets are a highly risky investment. Below are key risk factors that need to be considered before making an investment in Sui ETN.

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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. Digital assets' value depends on such regulation remaining favorable, as well with the technological capabilities, the development of protocol networks, competition from other digital asset networks and from forks. Volatility can be strongly amplified by transactions from speculative investors, hedge funds and other large investors. You may experience losses if you need to sell your Shares at a time when the price of the underlying digital asset is lower than it was when you made your prior investment. Even if you are able to hold Shares for the long-term, your Shares may never generate a profit. This is a risk factor to consider when investing in a Sui ETN.

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If the currency of the Product differs from the currency you invest in, your final return depends on the exchange rate between your investment currency and the currency of the Product. This is one of the factors to take into account when considering an investment in a Sui ETN.

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Trading venues and systems used by market participants to trade the Digital Asset may be subject to hacking and could result in loss of the Product. That is another factor to take into account before investing in a Sui ETN.

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As a later entrant, Solana may struggle if emerging regulation entrenches market position of current leaders or otherwise hinders new development. That is one of the risk factors to consider when investing in a Sui ETN. 

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If the network model doesn’t attract developers to build dApps and other blockchain projects, then SOL token price will likely struggle. That is another factor to take into consideration before making an investment in a Sui ETN.