VanEck and 21Shares Suspend Their Terra ETPs After Recent Collapse
After the recent collapse of the Terra ecosystem this week, VanEck and 21Shares have decided to suspend the creation and redemption of shares in their respective Terra exchange-traded products (ETPs). The 21Shares Terra ETP (ticker LUNA SW) and the VanEck Terra ETN (VLNA GR) shall be thus halting the processes. Terra’s native cryptocurrency LUNA was supposed to help the UST stablecoin retain its peg to the USD. However, the LUNA price crashed all the way to $0 while the UST...