Blackrock Confirms News of XRP ETF Filing Is Fake
Rumors circulated on Monday that Blackrock, the world’s largest asset manager, has registered to launch an XRP exchange-traded fund (ETF), following its registration of a spot ether ETF. However, Blackrock quickly denied the rumor, confirming that it has not filed to launch an XRP exchange-traded product.
Blackrock Hasn’t File to Launch XRP ETF
As enthusiasm for cryptocurrency exchange-traded funds (ETFs) grows, rumors spread on social media Monday that Blackrock, the world’s largest asset manager, had registered a spot XRP ETF called “Ishares XRP Trust.”
However, several people soon debunked the rumor, including Bloomberg Senior ETF Analyst Eric Balchunas, who alerted his followers on social media platform X that the news is false, citing confirmation from Blackrock. He wrote that “some whacko must have added” the fake information using Blackrock executive names. The fake news sent the price of XRP soaring 7% before losing all of its gains.
