London-based asset management company Jupiter Asset Management cancels its approximately $2.58 million investment in 21Shares’ XRP ETP
Jupiter Asset Management, a London-based asset management company managing over $65.8 billion, announced that it has canceled its investment in 21Shares' XRP ETP due to compliance issues. The initial investment size was $2.58 million. It is reported that Jupiter Asset Management made the investment through its Gold Silver Fund, which is registered in Ireland. However, Ireland currently prohibits cryptocurrency investments in tradable investment funds, while other European jurisdictions such as Germany allow investment funds to hold cryptocurrencies.
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