At around 5:00 this morning, the social media reported that BlackRock had applied for a new XRP fund, but it was soon confirmed to be false news. As a result, the price of XRP briefly soared by 15% before quickly falling back, giving up the gains.
Do you remember that in mid-October, the cryptocurrency media Cointelegraph erroneously published an article stating that the U.S. Securities and Exchange Commission (SEC) had approved BlackRock’s Bitcoin spot ETF (iShares Bitcoin Trust), which caused the price of Bitcoin (BTC) to rise by $2,000 in a short period of time?
As a result, similar false news appeared again this morning (14), and it was circulated in the social network that BlackRock had applied for a new XRP ETF.
However, Bloomberg analyst Eric Balchunas soon posted on X that he had confirmed with BlackRock that the screenshot of the application for registration of iShares XRP Trust in Delaware was fake news, and said that some malicious people used the names of BlackRock and executives to cause trouble.
XRP surges and plummets
Affected by this, the price of XRP quickly fell from the high of $0.75, which had soared 15% after the false news was exposed, to $0.66 at the time of writing, and almost all the gains were reversed.
