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XRP Spikes 15%; Community Still Confused Whether ETF Filing True Or Not

Published 11/14/2023, 09:24 PM
Updated 11/14/2023, 09:45 PM
© Reuters.  XRP Spikes 15%; Community Still Confused Whether ETF Filing True Or Not
XRP/USD
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  • It was reported that a “spokesperson” claimed the BlackRock filing on XRP was false.
  • XRP observed an almost 15% surge, then fell by 12% in a short span of time.
  • Community members and analysts still question whether the filing is true or not.

A recent filing for one of the largest asset managers, BlackRock fund on XRP was highlighted on the official Delaware website that registers investment trusts incorporated in the state. Bloomberg reported that a spokesperson from the asset manager confirmed it was “false.” Several analysts observed that XRP experienced more than a 15% surge over this “fake” filing.

XRP/USDT 1-Hour Chart (Source: TradingView)

Eric Balchunas, the senior ETF analyst for Bloomberg, also reported on X that this filing is “false.” He further emphasized that he had confirmed it with BlackRock’s spokesperson. However, despite this announcement by Balchunas, a few community members questioned whether this was true or not, asking for proof. In fact, one member asked Balchunas, “Please post the confirmation, given that it was text based.”

The post XRP Spikes 15%; Community Still Confused Whether ETF Filing True Or Not appeared first on Coin Edition.

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