On creating "Empty Particle System (System)" Node under "Simple Static Mesh" Template throwing ArgumentNullException, refer attached video and Stack Trace text file

Steps to repro:
1. Create a new project
2. Windows > Package Manager > Visual Effects Graph > Install
3. Project > Packages > Visual Effect Graph > Editor > Templates > Open Simple Static Mesh Template
4. Simple Static Mesh Template > right-click > Create Node > System > Empty Particle System (System)

Actual Result:
ArgumentNullException is thrown on creating "Empty Particle System (System)" Node

Expected Result:
"Empty Particle System (System)" Node gets created without any exception thrown in the Console

Reproducible in:
2020.1.0a6, 2019.3.0b5, 2019.3.0a10

Package Version found: 7.1.2, 7.1.1, 7.0.0.

NOTE:
Visual Effect Graph is introduced in 2019.3.0a10.

Environment:
Windows 10 & macOS 10.14