Bitcoin news day Cem Bey

8850afcf84e0dae20c0baed79270e77f8fa8dea6a58063621a0187467894422e.jpegce2302f8294e6bd94d7749ab069927a69660698e42325993f370c014cae08f79.jpegSwiss crypto asset manager 21Shares, formerly known as Amun, removed XRP from stock exchange products (ETPs).

According to The Block, the products in question with the removal of XRP are as follows: Ripple XRP ETP, the company's flagship Crypto Basket Index ETP (HODL), Bitwise Select 10 ETP (KEYS) and the only asset ETP based on XRP. (AXRP).

None of the company's ETPs are listed on US stock exchanges. So this raises the question of why XRP was removed. Speaking to The Block on the subject, CEO Hany Rashwan said that due to the company's index rules, any tokens that are securities or may have liquidity problems cannot be included in the products.

As is known, last week, the US Securities and Exchange Commission (SEC) accused Ripple and its two directors, CEO Brad Garlinghouse and co-founder Chris Larsen, of allegedly $ 1.3 billion in unregistered securities sales. What is called unrecorded security here is the XRP itself. The regulator claims that XRP is a security. The Ripple company argues otherwise.

Since Ripple's lawsuit, exchanges such as Bitstamp, OSL, CrossTower, and Beaxy have ended support for XRP. Bitstamp continues to provide this service to the rest of the world while closing XRP trading to the US. In addition, another crypto asset manager Bitwise has also stepped out of the XRP position. Major liquidity providers such as Jump Trading and Galaxy had withdrawn from XRP.

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Bitcoin news updated information
Bitcoin news updated information

Bitcoin news updated information

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