Bitcoin
Bitcoin (BTC)
$67,996.00 0.80896
Bitcoin price
Ethereum
Ethereum (ETH)
$3,517.03 -0.30148
Ethereum price
BNB
BNB (BNB)
$600.99 0.51585
BNB price
Solana
Solana (SOL)
$183.28 5.37089
Solana price
XRP
XRP (XRP)
$0.5961700 0.17055
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -0.26743
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 0.33303
Pepe price
Bonk
Bonk (BONK)
$0.0000317 1.54097
Bonk price
Bitcoin
Bitcoin (BTC)
$67,996.00 0.80896
Bitcoin price
Ethereum
Ethereum (ETH)
$3,517.03 -0.30148
Ethereum price
BNB
BNB (BNB)
$600.99 0.51585
BNB price
Solana
Solana (SOL)
$183.28 5.37089
Solana price
XRP
XRP (XRP)
$0.5961700 0.17055
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -0.26743
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 0.33303
Pepe price
Bonk
Bonk (BONK)
$0.0000317 1.54097
Bonk price
Bitcoin
Bitcoin (BTC)
$67,996.00 0.80896
Bitcoin price
Ethereum
Ethereum (ETH)
$3,517.03 -0.30148
Ethereum price
BNB
BNB (BNB)
$600.99 0.51585
BNB price
Solana
Solana (SOL)
$183.28 5.37089
Solana price
XRP
XRP (XRP)
$0.5961700 0.17055
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -0.26743
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 0.33303
Pepe price
Bonk
Bonk (BONK)
$0.0000317 1.54097
Bonk price
Bitcoin
Bitcoin (BTC)
$67,996.00 0.80896
Bitcoin price
Ethereum
Ethereum (ETH)
$3,517.03 -0.30148
Ethereum price
BNB
BNB (BNB)
$600.99 0.51585
BNB price
Solana
Solana (SOL)
$183.28 5.37089
Solana price
XRP
XRP (XRP)
$0.5961700 0.17055
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -0.26743
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 0.33303
Pepe price
Bonk
Bonk (BONK)
$0.0000317 1.54097
Bonk price

European asset management firm’s team blocked crypto ETP investment

european-asset-management-firms-team-blocked-crypto-etp-investment
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European asset management firm’s team blocked crypto ETP investment

Jupiter Asset Management (JUN) is withdrawing its investment in one of its exchange-traded cryptocurrency products (ETPs).

JUN, a London-listed firm with more than $65.8 billion in assets under management, has pulled out of the investment due to compliance issues, the Financial Times (FT) reported.

Jupiter Gold & Silver fund invested $2.58 million in the Ripple (XRP) 21Shares ETP in the first half of 2023. However, the investment was flagged by the company’s regular oversight process and was later canceled at a loss of $834.

The FT cites differences in the regulation of cryptocurrencies in Europe as the reason for the cancellation. Thus, the Jupiter Gold & Silver Fund is located in Ireland, where investments in cryptocurrency are prohibited for UCITS funds. At the same time, several other European jurisdictions allow investment funds to store cryptocurrency.

In January, investment companies Invesco and WisdomTree reduced management fees for Bitcoin (BTC) based exchange products in Europe by more than 60%. The reason was lower fees for U.S. spot Bitcoin exchange-traded funds (ETFs), which were admitted to the market on Jan. 11. According to Gary Buxton, Invesco’s regional head of ETFs, launching BTC-ETFs in the U.S. has led to “unprecedented growth in the supply” of such products.