Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
VanEck's director of crypto, Gabor Gurbacs, has taken to Twitter to announce the launch of a new, Terra-based ETP in the European Union.
LUNA joins VanEck's ETP range
He tweeted that LUNA has been added to the family of VanEck exchange-traded products, with MV Index Solutions providing the index the new ETP is based on. He has also sent congratulations to the Terra team and Terra co-founder Do Kwon.
Today @vaneck_eu welcomes #Terra/#Luna ? in the VanEck family of ETPs. @MVISIndices is happy to provide the underlying index. Innovation, institutional adoption and growth continues in the space. Congrats @stablekwon, @MarcGoldich and @terra_money team! cc: @JanvanEck3,@zhusu pic.twitter.com/yvX9N2VdOJ
— Gabor Gurbacs (@gaborgurbacs) April 5, 2022
Yuri MolchanTwo years ago, MV Index Solutions granted VanEck a license to use its MVIS CryptoCompare Bitcoin VWAP Close index (MVBTCV) to launch the fund's Bitcoin ETN.
VanEck is the largest global investor manager that manages more than $60 billion in crypto assets and runs a series of crypto ETPs. In December 2021, the company filed to establish an exchange-traded fund that would track the performance of the Global Digital Asset Mining index.
Denys Serhiichuk
Vladislav Sopov
Dan Burgin