After news of BlackRock’s exchange-traded fund (ETF) filling broke out, XRP‘s (XRP) value spiked by 10%, albeit shortly, before returning to its previous valuation.
It turned out that the filing of iShares ETF initially believed to be by BlackRock, was fake, with a submission made to the Delaware Divisions of Corporations and published on their website.
The fake filing included information consistent with the company’s previous filings, such as the registered agent’s name and address. While resembling earlier ETF filings for Bitcoin (BTC) and Ethereum (ETH), this one specifically mentioned XRP.
XRP 24-hour price chart. Source: Finbold
These value changes can largely be attributed to the attention to the ongoing developments surrounding the Ripple vs. SEC case and the eagerness of investors to find out what impact its resolution will have on this crypto.
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