Is this a well known scam or what?

How do you have a CIX100 Crypto ETF that manages to go down on an ultra-bullish crypto day, on the only true market that actually trades it openly to the public? Oh and by the way, it was supposedly rebalanced just 4 days ago after having not been for a long time like 3 months.

I understand it trades at a slight discount but the discount right now is gigantic. The whole point of this project is either a scam or they would list the index on more approved exchanges at the VERY least if not the rest of the exchanges as well.