All articles tagged with #fake filing
Delaware's Division of Corporations has referred a fake filing claiming that BlackRock registered an "iShares XRP Trust" to the Delaware Department of Justice. The filing, which briefly caused a 12% surge in XRP's price, used the name of BlackRock managing director Daniel Schwieger, suggesting potential fraud. It remains unclear what action the Delaware Justice Department may take in response to the referral.
The Delaware Office of the Secretary of State has referred a fake filing for the "BlackRock iShares XRP Trust" to the state Department of Justice. The filing, which caused a 12% surge in XRP's price, falsely indicated a forthcoming XRP ETF from BlackRock. However, BlackRock confirmed that the filing was fake, and the SEC is currently reviewing various ETF applications from traditional finance firms. Analysts predict a 90% chance of a Bitcoin ETF being approved by January 10, leading to increased market speculation. XRP is currently trading at $0.62.
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.