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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 …

Global investment manager VanEck launches NFT collection

VanEck, a New York-based investment management firm behind a bitcoin futures exchange-traded fund (ETF) launched last year, plans to release a collection of 1,000 non-fungible tokens (NFTs). The Ethereum-based collection, called the VanEck Community NFT, will revolve around a caricature of Alexander Hamilton, named “Hammy,” as he explores past, present and future financial policy. The purpose of the collection is to demonstrate real-world utility for digital assets, to provide community for VanEck investors and to educate holders on the crypto …

SEC denies WisdomTree’s spot bitcoin ETF proposal

The Securities and Exchange Commission has rejected WisdomTree’s proposal to list a bitcoin exchange-traded fund (ETF), making it the second rejection order to come down in this wave of applications for a spot-based bitcoin ETF. The Commission cited the lack of surveillance sharing agreements and the subsequent inability to curb fraudulent or manipulative practices in the spot market. “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate …

‘We’ll be back’: VanEck’s CEO says they will keep pushing for a spot bitcoin ETF

Episode 77 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Jan van Eck, CEO of VanEck. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Bakkt, Kraken and Masterworks Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began …