XRP experienced a sudden 12.3% surge today following a fake filing in Delaware that claimed the existence of a "BlackRock iShares XRP Trust."
XRP experienced a sudden 12.3% surge today following a fake filing in Delaware that claimed the existence of a "BlackRock iShares XRP Trust." Despite the submission of the corporate registration, BlackRock, the $9 trillion asset manager, clarified that it did not file the document, dispelling confusion among XRP holders.
Last week, BlackRock registered the iShares Ethereum Trust in Delaware, leading to a surge in Ethereum's price, as speculations over these registrations that often precede ETF filings. BlackRock later confirmed its intentions for an Ethereum ETF in a Nasdaq filing, contributing to the ongoing anticipation and price fluctuations in the crypto market.
The recent surge in anticipation is linked to the Securities and Exchange Commission's (SEC) potential approval of Bitcoin and Ethereum ETFs. Bloomberg analysts highlighted a brief window until November 17 for potential approvals, given the SEC's extended deadline to November 18.
This incident follows a pattern of misinformation impacting crypto markets, similar to the false report in October when the claim of the SEC approving BlackRock's Bitcoin ETF application led to a 10% surge in BTC's price before a rapid correction.
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