A filing that suggested BlackRock was preparing to launch a spot XRP exchange-traded fund briefly caused the token’s price to soar before the asset manager clarified that the document was fake.
The filing appeared on the Delaware Department of State’s Division of Corporations website on Monday, resulting in a more than 10% increase in XRP’s price within minutes. This incident followed a legitimate filing from BlackRock for the creation of an ETF that would hold Ethereum’s ether token.
BlackRock quickly confirmed it had no plans for an XRP ETF, and the Delaware Department of State has referred the matter to the state’s Department of Justice. Last month, Cointelegraph erroneously tweeted that the SEC had approved BlackRock to launch a U.S. Bitcoin spot ETF, which also led to a surge in the cryptocurrency’s price.