ETP

Floki DAO Proposal: Launching New Financial Product in Europe with ETP Access

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Floki DAO Proposal: Launching New Financial Product in Europe with ETP Access

Floki DAO’s $2.8 Million Proposal to Bring a Floki ETP The Floki Decentralised Autonomous Organisation (DAO) is proposing to allocate part of its treasury to launch a new financial product in Europe, specifically an exchange-traded product (ETP) for the Floki memecoin, aimed at institutional investors. The proposal, backed by 146 votes, suggests using 16 billion … Read more

European Regulatory Complexities Lead to Forced XRP ETP Sale by Jupiter Asset Management

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European Regulatory Complexities Lead to Forced XRP ETP Sale by Jupiter Asset Management

Jupiter Asset Management was forced to divest its XRP Exchange Traded Product (ETP) investment of $2.5 million due to regulatory discrepancies in the European Union regarding cryptocurrency investments. Ireland’s firm stance against incorporating crypto assets into funds mandated the reversal of this investment. This incident highlights the need for a harmonized regulatory approach within the … Read more