Create

Jupiter

when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/jupiter-asset-management-halts-crypto-investment-following-compliance-snag" rel="noopener noreferrer nofollow">Jupiter Asset Management Halts Crypto Investment Following Compliance Snag</a><br></p>
<p style="text-align: justify">The Financial Times has disclosed that Jupiter Asset Management, a prominent London-based investment company overseeing more than $65.8 billion in assets, has halted a multimillion-dollar investment in a crypto-related product due to stringent regulatory standards in Ireland. The firm had to cancel its involvement in 21Shares’ Ripple <a href="https://en.bitcoinhaber.net/ripple-price-analysis-xrp-continues-correction-movement-in-daily-chart" rel="noopener noreferrer nofollow">XRP</a> exchange-traded product (ETP) despite having allocated $2.58 million to the venture during the early half of 2023.</p>
<h2 id="jupiter-s-investment-obstructed-by-regulatory-compliance">Jupiter’s Investment Obstructed by Regulatory Compliance</h2>
<p style="text-align: justify">Jupiter’s gold and silver fund, the primary investor in the ETP, faced a setback when routine compliance checks uncovered a regulatory issue, leading to the investment’s discontinuation. Sources claim that this reversal incurred a minor loss of $834 for Jupiter Asset Management.</p>
<h2 id="disparate-european-regulations-create-investment-hurdles">Disparate European Regulations Create Investment Hurdles</h2>
<p style="text-align: justify">A significant factor in the cancellation was the divergent cryptocurrency regulations within Europe. Ireland’s stringent rules surrounding UCITS funds prevent the inclusion of cryptocurrencies, whereas countries like Germany permit such investments. This disparity reveals the necessity for a consistent regulatory framework across Europe to aid asset managers operating in various jurisdictions and provide clarity for those seeking to engage with the crypto market.</p>
<p style="text-align: justify">The situation with Jupiter Asset Management highlights the challenges that inconsistent regulations pose to institutional investors pursuing cryptocurrency opportunities. As the US sees the introduction of direct cryptocurrency investment products causing market fluctuations, European investors continue to grapple with a fractured regulatory scenario, hindering broader market participation.</p>
<p style="text-align: justify">Jupiter’s retraction from the XRP ETP investment underscores the complexities and potential obstacles faced by investment firms navigating the cryptocurrency investment terrain due to fluctuating regional regulatory landscapes.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/jupiter-asset-management-halts-crypto-investment-following-compliance-snag" rel="noopener noreferrer nofollow">Jupiter Asset Management Halts Crypto Investment Following Compliance Snag</a></h5>

Jupiter Asset Management Halts Crypto Investment Following Compliance Snag

Table of Contents

BH NEWS

Other articles published on Feb 16, 2024

Binance Coin Overtakes Solana! BNB Price Eyes To Hit $400?

Analyst Highlights VeChain’s Potential for Significant Growth

BNB & SOL use surplus profits for big gains in the DeeStream (DST) presale, with 30x rumors circu...

KeynesPay Secures $5.5M in Pre-Seed Funding to Revolutionize Virtual Asset Payments

Top 10 No KYC Crypto Casinos For 2024

24 Crypto Update, 15 Feb: Stability Reigns Amidst Volatility

Join our free newsletter for daily crypto updates!