XRP Price Leaps 16% On Fake BlackRock ETF Filing: Details

XRP Price Leaps 16% On Fake BlackRock ETF Filing: Details

On late November 13, the XRP price experienced a significant surge, momentarily jumping by 16% following a purported exchange-traded fund (ETF) filing by BlackRock, which quickly turned out to be fake.

The incident began when X (formerly Twitter) users shared a filing in Delaware suggesting that BlackRock, the global asset management giant, had registered the “iShares XRP Trust”. This action is typically a precursor to launching an ETF. Consequently, the XRP price soared to $0.75, a 16% increase, within just 25 minutes of the news breaking.

However, the excitement was short-lived. Bloomberg ETF analyst Eric Balchunas confirmed the filing as fake after direct communication with BlackRock representatives. Balchunas indicated that the XRP trust had been falsely listed on the Delaware website using the name of

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