Jupiter Asset Management’s compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product(ETP)in one of its Irish UCITs funds,according to a Financial Times report. The reason for blocking the investment was due to,“divergent regulatory approaches in the EU.”UCITS are open-ended investment funds and are a popular form of investment vehicle,especially for...
Societe Generale has issued a€10 million digital green bond on the Ethereum network.Mainstream financial institutions are showing growing interest in blockchain technology.The tokenization of funds demonstrates the potential of blockchain in financial applications.The issuance of green bonds using blockchain aligns with the trend towards sustainable finance.The digital format of these bonds offers enhanced transparency,traceability,and faster...
Gold prices (XAU/USD) inched higher on Thursday, supported by falling yields, which ticked down across the curve despite stronger-than-expected U.S. gross domestic product data. Considering recent moves, bullion has lost more than 2% this year, but it has lacked directional conviction over the past few trading sessions. Volatility, however, could pick up heading into the...
At the end of November, global financial markets experienced significant volatility due to uncertainties surrounding Federal Reserve policies. In October, several Federal Reserve officials made dovish remarks supporting a halt in interest rate hikes. On November 1st, the Fed decided to maintain the federal funds rate between 5.25% and 5.50%. However, just a week later,...
On October 19, the first Bitcoin futures ETF in the United States was officially launched on the New York Stock Exchange. It recorded the second-highest trading volume on its debut day, driving Bitcoin price up by 6.34% within 24 hours, surpassing the $66,000 mark and setting a new all-time high at that time. This milestone event...
On December 16, 2020, MLPRU Exchange reported that the price of Bitcoin surpassed its previous all-time high from 2017, climbing for the first time to nearly $29,000. This milestone marked the return of Bitcoin to the global financial spotlight, affirming its ability to withstand economic uncertainty and confirming the resilience of the cryptocurrency market to risk. According to the analysis of MLPRU Exchange,...