XRP price rose 15.4% in around 30 minutes after news surfaced that BlackRock had filed to launch ETF token-based ETF. After its denial, prices retraced to their original levels.
Asset managerrefuted the authenticity of the document circulated on X by a Delaware-based affiliated firm that allegedly filed to launch the iShares XRP Trust.
The document contained details that matched BlackRock’s analogous proposals, including the name and address of its registered agent. The document resembled prior filings for Bitcoin and Ethereum, but with XRP specified.
Bloomberg analyst Eric Balchunas also warned of this, citing BlackRock representatives.
This is false! Confirmed by BlackRock by me. Some whacko must have added using BlackRock executive name etc. Cmon man. pic.twitter.com/cDpnycYwjQ
— Eric Balchunas (@EricBalchunas) November 13, 2023
Not the best look for the industry and it certainly undermines trust in reputable players in this space. […] A filing for an XRP ETF at this time would be challenging, — a specialist commented.
On October 24, BlackRock’s proposed spot Bitcoin ETF — iShares Bitcoin Trust — appeared on the DTCC’s list of assets for which the company provides post-trade, clearing and settlement services.
Later, the ETF’s listing on the platform site disappeared. Colin Wu, citing unnamed analysts, reported that the SEC could have contacted BlackRock, “asking them to wait.” Against this backdrop, Bitcoin’s price fell to around $33,500.
Earlier on October 16, the crypto media Cointelegraph published a post on X about the approval of BlackRock’s spot Bitcoin ETF. Following the news, the price of the leading cryptocurrency briefly jumped to $30,000, but likewise fell sharply after reports of the fake.