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<ul class="news-points"> 
 <li>Jupiter scraps $2.5M XRP ETP investment due to regulatory hurdles.</li> 
 <li>Ireland prohibits crypto investments in UCITS funds, while Germany permits it.</li> 
 <li>The cancellation stemmed from discrepancies regarding crypto investments across EU jurisdictions.</li> 
</ul> 
London-based Jupiter Asset Management (JUN), known for its substantial assets under management totaling over $65.8 billion, recently faced a setback in its crypto investment endeavors.&nbsp; 
According to a <a href="https://www.ft.com/content/2c40efda-fdaf-4da5-b2de-08d031854bba" target="_blank" rel="nofollow">report</a> by the Financial Times, the firm had to abandon an investment in a crypto exchange-traded product (ETP) due to compliance concerns. Specifically, Jupiter’s compliance division prevented its investment team from including a crypto ETP in one of its Irish UCITS — tradable investment funds. 
Per the FT report, the development emerges at a time when fund managers are progressively considering incorporating crypto assets into their portfolios amid inconsistency in regulatory standards across the EU. 
The investment in question was made by Jupiter’s Gold &amp; Silver fund, which allocated $2.58 million into 21Shares’ <a href="https://coinedition.com/tag/xrp-news/">XRP</a> ETP during the first half of 2023. However, this investment was flagged during the company’s routin…
The post <a href="https://coinedition.com/xrp-etp-blocked-in-jupiters-ucits-fund-due-to-irish-regulations/">XRP ETP Blocked in Jupiter’s UCITS Fund Due To Irish Regulations</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP ETP Blocked in Jupiter’s UCITS Fund Due To Irish Regulations

Coin Edition

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