Blackrock Confirms News of XRP ETF Filing Is Fake

Rumors circulated connected Monday that Blackrock, the world’s largest plus manager, has registered to motorboat an XRP exchange-traded money (ETF), pursuing its registration of a spot ether ETF. However, Blackrock rapidly denied the rumor, confirming that it has not filed to motorboat an XRP exchange-traded product.

Blackrock Hasn’t File to Launch XRP ETF

As enthusiasm for cryptocurrency exchange-traded funds (ETFs) grows, rumors dispersed connected societal media Monday that Blackrock, the world’s largest plus manager, had registered a spot XRP ETF called “Ishares XRP Trust.”

However, respective radical soon debunked the rumor, including Bloomberg Senior ETF Analyst Eric Balchunas, who alerted his followers connected societal media level X that the quality is false, citing confirmation from Blackrock. He wrote that “some whacko indispensable person added” the fake accusation utilizing Blackrock enforcement names. The fake quality sent the terms of XRP soaring 7% earlier losing each of its gains.

In September, rumors circulated that Blackrock had shifted its absorption to XRP. Nevertheless, galore individuals swiftly cautioned against this misinformation, emphasizing that Blackrock was not transitioning from bitcoin to XRP. Despite the Blackrock quality being fake, XRP has had immoderate bully quality lately. The Dubai Financial Services Authority precocious approved XRP arsenic a recognized crypto token. In July, District Judge Analisa Torres ruled successful the Ripple lawsuit that “as a substance of law, XRP is not a security.”

Blackrock has already filed for a spot bitcoin ETF called Ishares Bitcoin Trust, and past week, the world’s largest plus manager filed for a spot ether ETF called Ishares Ethereum Trust. Despite approving immoderate ETFs based connected crypto futures, the U.S. Securities and Exchange Commission (SEC) has not yet approved immoderate spot crypto ETFs. SEC Chairman Gary Gensler precocious said that the securities regulator is considering betwixt eight to 10 spot bitcoin ETF applications. Some radical expect the SEC to o.k. aggregate spot bitcoin ETFs astatine once, including JPMorgan’s analysts.

What bash you deliberation astir the fake quality of Blackrock filing to motorboat a spot XRP ETF? Let america cognize successful the comments conception below.