In a surprising turn of events, the cryptocurrency market experienced a significant price fluctuation for XRP due to a fake filing that suggested the registration of an XRP ETF by BlackRock, the world’s largest fund manager. However, Bloomberg’s senior ETF analysts have debunked these claims, confirming that the registration was false. The incident has been reported to local authorities as the fake filing appeared on an official government website. The price of XRP briefly surged by 12% following the news of the filing, but it quickly became evident that BlackRock had not submitted the application. The Delaware Office of the Secretary of State has escalated the matter to the state Department of Justice for further investigation. This incident follows BlackRock’s legitimate registration for an Ethereum trust, signaling their plans for an Ethereum ETF. BlackRock spokespersons have clarified that the XRP filing was indeed a fake, highlighting the misleading nature of the misinformation. The Securities and Exchange Commission (SEC) is currently reviewing various ETF applications, including BlackRock’s application for a Bitcoin ETF. The SEC has historically denied Bitcoin ETF applications due to concerns about market manipulation. The incident involving XRP highlights the potential market impact of misinformation and the need for vigilance in verifying news.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	None
Companies	Nasdaq, Securities and Exchange Commission (SEC), Bloomberg, state Department of Justice, BlackRock, Delaware Office of the Secretary of State
Currencies	XRP
Securities	None