"Fake BlackRock XRP Trust Filing Causes Volatility in Cryptocurrency Market"
XRP experienced a brief surge in price after a fake filing suggested that BlackRock was creating an XRP exchange-traded product. The filing, which showed BlackRock registering the "iShares XRP Trust," caused XRP to spike by 12% within 30 minutes. However, the gains were quickly lost after the filing was confirmed as fake by Bloomberg ETF analyst Eric Balchunas. BlackRock has signaled its intention to expand beyond Bitcoin with its ETF aspirations, including filing for a spot Ether ETF, which is confirmed to be real.