Gabor Gurbacs, VanEck’s director of crypto, has announced the introduction of a new Terra-based (LUNA) exchange-traded fund (ETP) in the European Union. He chose the Twitter platform to announce the news.
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
VanEck’s ETP portfolio now includes LUNA
He announced that LUNA has been introduced to the VanEck exchange-traded product (ETP) family. For that, MV Index Solutions is supplying the index upon which the new ETP is based. He also wished the Terra crew and Terra co-founder Do Kwon well.
MV Index Solutions provided VanEck permission to leverage its MVIS CryptoCompare Bitcoin VWAP Close index (MVBTCV) to establish the fund’s Bitcoin ETN two years ago.
VanEck is the world’s largest investment manager, managing more than $60 billion in cryptocurrencies and operating a number of crypto ETPs. The corporation applied for an exchange-traded fund to follow the performances of the Global Digital Asset Mining index in December 2021.
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