BlackRock Not Planning Spot XRP ETF After Fake Trust Registration

Editor’s note: A previous version of this article, published on Monday, November 13, 2023, reported that BlackRock had registered an iShares XRP Trust. After publication, a spokesperson for BlackRock confirmed that the trust registration was falsified and had no connection to BlackRock. Crypto Briefing strives to provide accurate and reliable information to our readers. We regret this error and any confusion caused by the previous version of this article. Updates have been made to reflect the correct information as of November 13, 2023.

A fake filing designed to look like BlackRock had registered an iShares XRP Trust caused temporary speculation that the asset manager was preparing to apply for a spot XRP exchange-traded fund (ETF). However, a spokesperson for BlackRock has confirmed to media outlets that this filing has no connection to the firm and was falsified.

BlackRock does not currently have plans to submit an application for a spot XRP ETF to the Securities and Exchange Commission. The previous claim that BlackRock registered an iShares XRP Trust with Delaware’s Department of State appears to have been fabricated.

The fabricated filing, first spotted by users on Twitter, temporarily caused the price of XRP to spike over 10% in response to the filing. However, once it was revealed that the filing was fake, the price of XRP retreated closer to its previous level of 65 cents per token, according to CoinGecko.