Jupiter's Gold & Silver fund had invested $2.58 million in 21Shares' Ripple XRP ETP during 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, according to the report.
Jupiter's crypto investment issue highlights the need for a unified crypto investment framework, even as the start of spot crypto products in the U.S. has fueled the latest bull run in the crypto markets.
#jupiter-asset-management #crypto-investment #compliance-issues #regulations #crypto-market #investment-framework
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