Why did LUNA Crash

The Nordic Growth Market exchange has halted trading for Valour's Terra ETP · LUNA's weighting in crypto indexes has dropped along with the price.

“LUNA, along with broader crypto market events and other cryptoassets, are assessed in that context, which is an ongoing process.” “The rapid decrease in price of Terra led to a halt on all trading by the [NGM] exchange,” he said. Terra had a 7.5% weighting in the index, according to a fact sheet published on April 22. Our primary focus is and always will be the investor and ensuring their autonomy to participate as their risk appetite allows.” “Our indexed products are specifically intended to provide diversified exposure to a broad range of cryptos recognizing that digital assets, like traditional assets, can experience substantial volatility at times and that uncertainty is inherent in any investment,” the representative said. If the price of LUNA drops to zero, so too will the fund, a 21Shares spokesperson told Blockworks.