Crypto X

Bitcoin ETF

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    <p>The price of Ripple’s XRP briefly jumped 13% on Monday after a fake filing, supposedly from investment firm BlackRock Inc., was posted on an official government website in Delaware.</p>
    <p>As reported by Bloomberg, something called the ‘iShares <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> Tr<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>t’ appeared on the Delaware Department of State’s Division of Corporations website. The portal is where all investment <a rel="noopener noreferrer nofollow" title="trust" href="https://thebittimes.com/tag/trust.html">trust</a>s incorporated in the state are registered.</p>
    <p>The news of the filing was quickly shared on social media and the price of XRP duly spiked. However, the filing was quickly outed as a fake by a BlackRock spokesperson, and by the end of the day, the crypto’s price plummeted.</p>
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       <p lang="en" dir="ltr">This is false! Confirmed by <a rel="noopener noreferrer nofollow" title="BlackRock" href="https://thebittimes.com/tag/blackrock.html">BlackRock</a> by me. Some whacko m<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>t have added <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>ing <a rel="noopener noreferrer nofollow" title="BlackRock" href="https://thebittimes.com/tag/blackrock.html">BlackRock</a> executive name etc. Cmon man. pic.twitter.com/cDpnycYwjQ</p>— Eric Balchunas (@EricBalchunas) November 13, 2023
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    <p>It’s not currently clear who submitted the listing in <a rel="noopener noreferrer nofollow" title="BlackRock" href="https://thebittimes.com/tag/blackrock.html">BlackRock</a>’s name.</p>
    <p>According to Bloomberg Intelligence analyst James Seyffart, “<strong>This isn’t the best look for the crypto industry</strong> and definitely hurts the credibility of the good actors in the space, but it was sniffed out as fake pretty quickly.”</p>
    <p>“We saw a similar event last week that turned out to be real for the Ethereum trust. But an XRP ETF filing would be a bit of a stretch at this time,” he added (via Bloomberg).</p>
    <h2 class="wp-block-heading" id="h-another-fake-fund-involving-blackrock">Another fake fund involving BlackRock</h2>
    <p>This isn’t the only erroneous media report about a supposedly imminent crypto product involving BlackRock that’s affected markets in the past few weeks.</p>
    <p>Nearly <strong>$100 million worth of positions</strong> were liquidated in October after false reports of an approved spot Bitcoin Exchange Traded Fund (ETF) sent the currency’s price soaring before a hasty correction brought it back to Earth.</p>
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       Cointelegraph says Bitcoin ETF approved despite no proof
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Cointelegraph says Bitcoin ETF approved despite no proof” — Protos" src="https://protos.com/cointelegraph-says-bitcoin-etf-approved-despite-no-proof/embed/#?secret=RksQcJ2rXD#?secret=CsdA4Z27Jy" data-secret="CsdA4Z27Jy" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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    <p><em>Read now: Crypto X keeps getting the Bitcoin ETF wrong</em></p>
    <p>In a now-deleted article, crypto outlet Cointelegraph reported that the Securities and Exchange Commission (SEC) had approved an iShares spot Bitcoin ETF managed by <a rel="noopener noreferrer nofollow" title="BlackRock" href="https://thebittimes.com/tag/blackrock.html">BlackRock</a>.</p>
    <p>Cointelegraph posted on X (formerly Twitter) “<strong>BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF</strong>.” The post was then edited to include the word “REPORTEDLY,” before the outlet deleted it altogether.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/fake-blackrock-trust-news-pumps-and-dumps-xrp-tbt70216.html">https://thebittimes.com/fake-blackrock-trust-news-pumps-and-dumps-xrp-tbt70216.html</a></p>

Fake BlackRock trust news pumps and dumps XRP

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