Fake filing for BlackRock XRP Trust caused brief price spike

Quick Take

  • The price of XRP rallied briefly on the fake news of a potential Blackrock XRP ETF on Monday.
  • The firm denied the authenticity of the Delaware entity filing that caused a fuss.

A fake filing that was designed to look like BlackRock was setting the stage for an XRP + ETF caused a temporary pump in the price of XRP.

The filing was submitted to the Delaware Divisions of Corporations and published on its website. It contained details matching similar BlackRock filings, including the name and address of its registered agent. It was similar to previous filings for bitcoin and ether, but naming XRP.

Yet a BlackRock spokesperson confirmed to The Block that the filing has no relation to the asset manager. This means BlackRock is not currently preparing to launch a spot XRP ETF.


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The filing, first spotted by users on X, was followed by a 12% hike in the price of XRP over the next 30 minutes after the first posts. Once it was reported that the filing was fake, the price returned closer to the previous level of 66 cents per token, according to Coingecko.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Anna is a senior policy reporter and assistant editor at The Block. She has a background in political journalism and covered Russian civil society for a range of news outlets in Moscow, including the award-winning newspaper Novaya Gazeta. Before joining The Block, Anna spent the past five years investigating cryptocurrency policies and adoption around the world at CoinDesk. Anna owns bitcoin and a gift NFT of sentimental value.


To contact the editor of this story:
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