Fake BlackRock Fund Filing Triggers a Brief Rally in XRP Cryptocurrency
- False paperwork for XRP shows up on Delaware state website
- XRP rallied almost 13% before quickly reversing gains
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A filing for a BlackRock Inc. fund based on the cryptocurrency XRP showed up on the official Delaware website that registers investment trusts incorporated in the state, triggering a brief rally in the token. The only problem is that BlackRock wasn’t the one who submitted it.
The Delaware Department of State’s Division of Corporations website — which lists some other trusts the asset manager has applied for previously — showed details for something called the “iShares XRP Trust” registered to BlackRock on Monday. A spokesperson for the asset manager, however, confirmed that it’s false.