XRP Jumps, Drops After Phony BlackRock XRP Trust Filing Surfaces


On Nov. 13, XRP saw a 12% spike in its price after a filing by asset manager BlackRock suggested they were creating an XRP exchange-traded product. However, the filing was quickly confirmed as fake and the gains were lost in the following 30 minutes.

Dylan LeClair of Bitcoin Magazine was one of the first to report the filing, which showed BlackRock had registered the “iShares XRP Trust”. Subsequently, Bloomberg ETF analyst Eric Balchunas spoke with BlackRock, and he speculated that someone had listed the XRP trust on the Delaware list of corporations website by impersonating BlackRock managing director Daniel Schwieger.

After the fake filing, James Seyffart of The Block reiterated that BlackRock’s spot Ether ETF is real and was officially confirmed by Nasdaq via a 19b-4 submission to the Securities and Exchange Commission.

The incident highlights BlackRock’s intention to expand beyond Bitcoin with its ETF aspirations, which were first indicated on Nov. 9 with the filing for a spot Ether ETF.

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