XRP Surges Then Dumps After Fake ETF Application Goes Viral
A clever scammer moved the crypto markets with a fake ISHARES XRP Trust notice on the Delaware website
Crypto Twitter embarrassed itself today, after briefly falling for a fake ISHARES XRP Trust notice on the Delaware website. The notice implied that BlackRock had filed for the paperwork needed for an XRP spot ETF. The same procedure has been followed with previous filings for the proposed ISHARES Bitcoin and Ethereum ETFs.
The Fake Notice
It is not known how the fake notice ended up on an official website, but once it was there it was quickly shared by credible accounts such as Bloomberg ETF analysts James Seyffart and Eric Balchunas on Twitter, leading to a quick move in the price of XRP.
However, to their credit, Eric and James were able to quickly contact BlackRock and confirm that it was fake, leading the XRP token to dump again.
XRP soared and then dumped on the fake news
The SEC is unlikely to be amused by the day’s events. We’ll update this story if more details emerge.
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