2023-11-15 15:13:23
Claims that BlackRock registered the iShares XRP Trust in Delaware were recently confirmed by top ETF analysts at Bloomberg as false. Moreover, they said the case was handed over to local authorities as the registration appeared on an official government website. Spot crypto ETFs are arguably the biggest trend in the industry right now. The community, as well as retail and institutional investors, are sitting on pins and needles waiting for the possible approval of a BTC exchange-traded fund. This is due to the intervention of financial giants such as BlackRock – the world’s largest asset manager, which recently even registered the iShares Ethereum Trust in Delaware. Just a few weeks after the last announcement came the news that BlackRock has decided to register another – this time for Ripple (XRP). However, this was almost immediately proven false by several prominent organizations on the basis of “too good to be true”. Many in the community disputed their claims, leading to further speculation. However, both ETF experts at Bloomberg – Eric Balchunas and James Seyffart – confirmed that the news is false. In fact, they went even further and indicated that the case had been turned over to Delaware authorities. LATEST ON FAKE XRP ETF FILING: “Our only comment is that this matter has been referred to the Delaware Department of Justice,” the spokesperson (for Delaware Dept of State) said. Damn. Someone out there is crapping their pants as we speak.. — Eric Balchunas (@EricBalchunas) November 14, 2023 XRP Pump and Dump The crypto industry has seen its share of fake news that results in instant price pump and dumps of certain assets. Such was the case with the Walmart-Litecoin fiasco a few years ago. The current fake Ripple ETF app is just another example of the same phenomenon. Ripple’s native token, XRP, was at $0.65 and suddenly jumped to $0.75 after the news broke. When the claims were disproved, the device returned to its original position just as quickly. Since then, the price of XRP has only fallen, falling below $0.60 earlier today amid a market-wide decline. Currently, the cryptocurrency is trading around $0.63. The price of XRP in the last 6 months. Source: TradingView
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