With insights from BlackRock filing, the asset manager was creating an XRP (XRP) exchange-traded product. This is expected to have caused a 12% spike in XRP, which was lost after the filing was found fake, stated Cointelegraph.
The saga is expected to have lasted for about an hour on late November 13, 2023, as X users picked up on a Delaware filing. The filing shows BlackRock was filed to register the “iShares XRP Trust”, as a precursor to launching an exchange-traded fund (ETF), Cointelegraph added.
Sources revealed that XRP gained about 12%, increasing to $0.73 within 30 minutes of the news of the filing. However, it lost all its gains in half an hour after it was confirmed a fake by Eric Balchunas, ETF analyst, Bloomberg.
In light of the faked listing, Seyffart iterated that the spot Ether ETF is real as it was officially confirmed via a 19b-4 submission by Nasdaq to the Securities and Exchange Commission, Cointelegraph concluded.
With insights from BlackRock filing, the asset manager was creating an XRP (XRP) exchange-traded product. This is expected to have caused a 12% spike in XRP, which was lost after the filing was found fake, stated Cointelegraph.
The saga is expected to have lasted for about an hour on late November 13, 2023, as X users picked up on a Delaware filing. The filing shows BlackRock was filed to register the “iShares XRP Trust”, as a precursor to launching an exchange-traded fund (ETF), Cointelegraph added.
Sources revealed that XRP gained about 12%, increasing to $0.73 within 30 minutes of the news of the filing. However, it lost all its gains in half an hour after it was confirmed a fake by Eric Balchunas, ETF analyst, Bloomberg.
In light of the faked listing, Seyffart iterated that the spot Ether ETF is real as it was officially confirmed via a 19b-4 submission by Nasdaq to the Securities and Exchange Commission, Cointelegraph concluded.
(With insights from Cointelegraph)
