The XRP ETF Rumor
There has been a recent incident involving a fake filing that led to rumors about a potential XRP ETF. The Delaware Department of State has now confirmed that this filing is being treated as a police matter.
On Tuesday, an individual registered an entity called “iShares XRP Trust” and included the name of Blackrock asset management firm, along with its managing director Daniel Schwieger, in the filing. This caused a brief surge in the price of XRP, with the cryptocurrency experiencing a 12% increase in just 30 minutes before returning to its original price.
When asked about the fake filing, the director of policy and communications at the Delaware Department of State, Rony Baltazar-Lopez, stated that “the matter has been referred to the Delaware Department of Justice.”
Hot Take: Beware of Market Speculation
It’s important to be cautious when it comes to market speculation and rumors. While the idea of an XRP ETF may be enticing, it’s crucial to rely on verified information and official announcements rather than unconfirmed filings or rumors.
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