XRP witnessed an abrupt surge of 12.3% today, triggered by a fake filing in Delaware that suggested the existence of a “BlackRock iShares XRP Trust.” However, BlackRock, the $9 trillion asset manager, promptly clarified that it had not submitted the document, eliminating any confusion among XRP holders.
In the previous week, BlackRock had indeed registered the iShares Ethereum Trust in Delaware, leading to a surge in Ethereum’s price. This sparked speculation about potential ETF filings, and later, BlackRock confirmed its intentions for an Ethereum ETF in a filing with Nasdaq. These developments contributed to the ongoing anticipation and price fluctuations in the cryptocurrency market.
The current surge in anticipation is closely tied to the possibility of the Securities and Exchange Commission (SEC) approving Bitcoin and Ethereum ETFs. Bloomberg analysts have pointed to a brief window until November 17 for potential approvals, considering the SEC’s extended deadline to November 18.
This incident follows a recurring pattern of misinformation impacting crypto markets. A similar instance occurred in October, where a false report claiming the SEC’s approval of BlackRock’s Bitcoin ETF application led to a 10% surge in BTC‘s price before a rapid correction.
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