{"id":575481,"date":"2024-02-16T18:00:18","date_gmt":"2024-02-16T18:00:18","guid":{"rendered":"https:\/\/wncen.com\/?p=575481"},"modified":"2024-06-11T08:12:26","modified_gmt":"2024-06-11T08:12:26","slug":"investment-firm-forced-sell-xrp","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/","title":{"rendered":"Investment Firm Forced To Sell XRP Worth $2.5 Million: Here’s Why"},"content":{"rendered":"

In an unprecedented case that underscores the complex regulatory environment in the European Union, Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP)<\/a> investment valued at approximately $2.5 million. This decision underscores the complexities and regulatory discrepancies within the European Union concerning cryptocurrency investments.<\/p>\n

The Forced XRP ETP Sale<\/h2>\n

The incident, which was initially reported<\/a> by the Financial Times, involved Jupiter’s Ireland-domiciled Gold & Silver fund. The fund had invested $2,571,504 in 21Shares’ Ripple XRP ETP<\/a> during the first half of 2023, a move that was subsequently flagged by Jupiter\u2019s compliance department.<\/p>\n

“The trade was made, picked up by our regular oversight process and then cancelled,” a Jupiter spokesperson articulated, emphasizing the rigorous internal review processes that led to the identification and rectification of the regulatory misalignment.<\/p>\n

Related Reading: XRP Price Alert: Breakout Could Confirm Today<\/a><\/div>\n

Ireland’s firm stance against incorporating crypto assets into Undertakings for Collective Investment in Transferable Securities (UCITS) funds mandated the reversal of this investment. Consequently, the cryptocurrency ETP holding was sold for $2,570,670, resulting in a nominal loss of $834, which the firm addressed.<\/p>\n

“Jupiter sold the cryptocurrency ETP holding for $2,570,670, at a loss of $834, according to a financial statement. The firm has made up the difference,” confirmed a spokesperson from Jupiter.<\/p>\n

This development is particularly noteworthy as it contrasts with the regulatory positions of other EU countries. For instance, Germany’s regulator permits a more flexible approach, allowing crypto ETP exposure in UCITS funds under specific conditions, as demonstrated by DWS’s Fintech fund maintaining an investment in an Ethereum exchange-traded note.<\/p>\n

Inconsistent Directives Within The EU<\/h2>\n

The incident has sparked a broader discussion on the need for a harmonized regulatory approach within the EU. The discrepancy not only affects investment strategies but also impacts the overall investment ecosystem, creating a fragmented market.<\/p>\n

Related Reading: $400 XRP Price Point: Analyst Breaks Down The Future Surge Date<\/a><\/div>\n

This is further complicated by the varying interpretations and applications of the UCITS directive across different member states, leading to a lack of clarity and uncertainty for fund managers looking to innovate their investment portfolios.<\/p>\n

Regulatory bodies in Ireland and France have recently affirmed their positions against the inclusion of crypto assets in UCITS funds, underscoring a cautious approach towards investor protection within regulated fund structures. Meanwhile, the UK and Germany adopt distinct stances, with the latter allowing certain crypto exposures under defined criteria.<\/p>\n

This incident is not only highlighting the complexities involved in navigating the regulatory landscape for crypto investments but also emphasizes the need for a unified regulatory framework within the European Union<\/a>.<\/p>\n

XRP Price Confirms Breakout<\/h2>\n

At press time, the XRP price stood at $0.57196.\u00a0As predicted yesterday<\/a>,\u00a0XRP has managed to break out of the descending channel and rise above the 20-, 50-, 100- and 200-day EMA cluster. This means that the XRP bulls have a good chance of gaining the upper hand again. A breakout above the 0.5 Fibonacci level at $0.5897 would be another important step.<\/p>\n

\"XRP
XRP price, 1-day chart | Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In an unprecedented case that underscores the complex regulatory environment in the European Union, Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million. This decision underscores the complexities and regulatory discrepancies within the European Union concerning cryptocurrency investments. The Forced XRP ETP Sale The incident, which was initially reported by the Financial Times, involved Jupiter’s Ireland-domiciled Gold & Silver fund. The fund had invested $2,571,504 in 21Shares’ Ripple XRP ETP during the first half of 2023, a move that was subsequently flagged by Jupiter\u2019s compliance department. “The trade was made, picked up by our regular oversight process and then cancelled,” a Jupiter spokesperson articulated, emphasizing the rigorous internal review processes that led to the identification and rectification of the regulatory misalignment. Related Reading: XRP Price Alert: Breakout Could Confirm Today Ireland’s firm stance against incorporating crypto assets into Undertakings for Collective Investment in Transferable Securities (UCITS) funds mandated the reversal of this investment. Consequently, the cryptocurrency ETP holding was sold for $2,570,670, resulting in a nominal loss of $834, which the firm addressed. “Jupiter sold the cryptocurrency ETP holding for $2,570,670, at a loss of $834, according to a financial statement. The firm has made up the difference,” confirmed a spokesperson from Jupiter. This development is particularly noteworthy as it contrasts with the regulatory positions of other EU countries. For instance, Germany’s regulator permits a more flexible approach, allowing crypto ETP exposure in UCITS funds under specific conditions, as demonstrated by DWS’s Fintech fund maintaining an investment in an Ethereum exchange-traded note. Inconsistent Directives Within The EU The incident has sparked a broader discussion on the need for a harmonized regulatory approach within the EU. The discrepancy not only affects investment strategies but also impacts the overall investment ecosystem, creating a fragmented market. Related Reading: $400 XRP Price Point: Analyst Breaks Down The Future Surge Date This is further complicated by the varying interpretations and applications of the UCITS directive across different member states, leading to a lack of clarity and uncertainty for fund managers looking to innovate their investment portfolios. Regulatory bodies in Ireland and France have recently affirmed their positions against the inclusion of crypto assets in UCITS funds, underscoring a cautious approach towards investor protection within regulated fund structures. Meanwhile, the UK and Germany adopt distinct stances, with the latter allowing certain crypto exposures under defined criteria. This incident is not only highlighting the complexities involved in navigating the regulatory landscape for crypto investments but also emphasizes the need for a unified regulatory framework within the European Union. XRP Price Confirms Breakout At press time, the XRP price stood at $0.57196.\u00a0As predicted yesterday,\u00a0XRP has managed to break out of the descending channel and rise above the 20-, 50-, 100- and 200-day EMA cluster. This means that the XRP bulls have a good chance of gaining the upper hand again. A breakout above the 0.5 Fibonacci level at $0.5897 would be another important step. Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":568902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[91667,4531,90432,83637,13172,10972],"class_list":["post-575481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-jupiter-asset-management","tag-xrp","tag-xrp-etp","tag-xrp-news","tag-xrp-price","tag-xrpusd"],"acf":[],"yoast_head":"\nInvestment Firm Forced To Sell XRP Worth $2.5M: Here's Why<\/title>\n<meta name=\"description\" content=\"Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Firm Forced To Sell XRP Worth $2.5M: Here's Why\" \/>\n<meta property=\"og:description\" content=\"Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-16T18:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:12:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Investment Firm Forced To Sell XRP Worth $2.5 Million: Here’s Why\",\"datePublished\":\"2024-02-16T18:00:18+00:00\",\"dateModified\":\"2024-06-11T08:12:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/\"},\"wordCount\":527,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675\",\"keywords\":[\"Jupiter Asset Management\",\"xrp\",\"XRP ETP\",\"xrp news\",\"XRP Price\",\"XRPUSD\"],\"articleSection\":[\"Ripple\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/\",\"name\":\"Investment Firm Forced To Sell XRP Worth $2.5M: Here's Why\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675\",\"datePublished\":\"2024-02-16T18:00:18+00:00\",\"dateModified\":\"2024-06-11T08:12:26+00:00\",\"description\":\"Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675\",\"width\":1200,\"height\":675,\"caption\":\"XRP price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investment Firm Forced To Sell XRP Worth $2.5 Million: Here’s Why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Investment Firm Forced To Sell XRP Worth $2.5M: Here's Why","description":"Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/","og_locale":"en_US","og_type":"article","og_title":"Investment Firm Forced To Sell XRP Worth $2.5M: Here's Why","og_description":"Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million.","og_url":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-02-16T18:00:18+00:00","article_modified_time":"2024-06-11T08:12:26+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Investment Firm Forced To Sell XRP Worth $2.5 Million: Here’s Why","datePublished":"2024-02-16T18:00:18+00:00","dateModified":"2024-06-11T08:12:26+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/"},"wordCount":527,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675","keywords":["Jupiter Asset Management","xrp","XRP ETP","xrp news","XRP Price","XRPUSD"],"articleSection":["Ripple"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/","url":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/","name":"Investment Firm Forced To Sell XRP Worth $2.5M: Here's Why","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675","datePublished":"2024-02-16T18:00:18+00:00","dateModified":"2024-06-11T08:12:26+00:00","description":"Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675","width":1200,"height":675,"caption":"XRP price"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Investment Firm Forced To Sell XRP Worth $2.5 Million: Here’s Why"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Investment Firm Forced To Sell XRP Worth $2.5 Million: Here’s Why","url":"http:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/investment-firm-forced-sell-xrp\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["jupiter asset management","xrp","xrp etp","xrp news","xrp price","xrpusd"],"dateCreated":"2024-02-16T18:00:18Z","datePublished":"2024-02-16T18:00:18Z","dateModified":"2024-06-11T08:12:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Investment Firm Forced To Sell XRP Worth $2.5 Million: Here’s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/investment-firm-forced-sell-xrp\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/investment-firm-forced-sell-xrp\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/XRP-price.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/XRP-price.jpg?fit=1200%2C675\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"jupiter asset management\",\"xrp\",\"xrp etp\",\"xrp news\",\"xrp price\",\"xrpusd\"],\"dateCreated\":\"2024-02-16T18:00:18Z\",\"datePublished\":\"2024-02-16T18:00:18Z\",\"dateModified\":\"2024-06-11T08:12:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/575481"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=575481"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/575481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/568902"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=575481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=575481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=575481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}