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Terra network halt leaves LUNA-based ETPs unable to trade

VanEck, Valour and 21Shares have been forced to halt their LUNA-based exchange-traded products (ETPs) as the Terra Network remains halted.  All three products trade in the European markets, offering exposure to the Terra network. Those products have crashed with the de-pegging of LUNA, as their shares are tied to the underlying asset price.  Issuer VanEck announced today that it would suspend creations and redemptions for its VanEck Terra ETN given the halts in the Terra Network. Terra halted its blockchain …