BlackRock Reports Fake XRP ETF Application Filed on its Behalf
XRP saw a 15.4% increase within 30 minutes of the news about BlackRock’s plans to launch an ETF based on the token.
However, after the company denied the authenticity of a document circulated on Twitter by an associated firm in Delaware, the quotes reverted back to their original values.
According to the leaked document, the associated firm had applied to launch the iShares XRP Trust, which contained similar information to previous applications for Bitcoin and Ethereum.
However, BlackRock representatives have refuted this and expressed concern about the authenticity of the document, citing it as not being consistent with the company’s principles.
Bloomberg analyst Eric Balchunas also pointed out the potential negative impact this could have on the industry’s credibility.
Currently, BlackRock’s proposed spot Bitcoin ETF, the iShares Bitcoin Trust, has been added to DTCC’s list of assets for which the company offers post-trade, clearing, and settlement services.
However, it may be difficult for the company to apply for an XRP ETF at this time due to the controversy surrounding the leaked document.
