ICYMI: Terra network halt leaves LUNA-based ETPs unable to trade
When the network is halted, it poses problems for ETPs based on the underlying asset.statement
."Therefore, it is technically not possible to accept creations and redemption for VanEck Terra ETN." 21Shares issued informational resources on the LUNA fallout yesterday, saying the volatility in LUNA will be reflected in the indexed products. "We will continue to closely monitor our products to ensure that they deliver the intended allocations and allow investors well-diversified exposure to this emerging asset class," said the firm in yesterday'sLike VanEck, the halt of the network means 21Shares is unable to execute the creation and redemption mechanisms in its product.
"It is Valour's intention to provide a market, through the market maker, as soon as it is possible and allowed," the issuer said in a
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