XRP Hoax Filing Won't Impact SEC's ETF Approvals

The recent spike in XRP price caused by a fake BlackRock XRP trust filing is unlikely to affect the US Securities and Exchange Commission's (SEC) decision on approving spot Bitcoin exchange-traded funds (ETFs), according to industry observers. While the incident may not sway the SEC's decision, it does raise concerns about fraud and manipulation in the market. The filing, which caused XRP to surge before being exposed as a hoax, will be investigated further by the Delaware Department of Justice. BlackRock has also filed for a spot Ether ETF, awaiting regulatory approval.