XRP Pumps, Then Dumps on Fake BlackRock Trust Filing

BlackRock has confirmed that a fake Delaware corporate registration for its iShares XRP Trust, which caused a 12% increase in the crypto asset, was not BlackRock. The fake filing was registered with the same address and contact information.

This caused Ethereum to surge past $2,000 for the first time in a few months. This registration is typically a precursor to an ETF filing. The $9 trillion asset manager has caused significant anticipation and price action in Bitcoin and Ethereum ETFs.