Kenne Michael 
Although a BlackRock XRP Trust filing appeared on the official Delaware website for registering investment trusts, it was not submitted by BlackRock.
The misinformation regarding BlackRock XRP Trust instigated a pump and dump of over 15% in the XRP price within an hour; the current price of XRP is $0.66.
BlackRock XRP Trust Filing Increased XRP Price
A filing with the name “iShares XRP Trust” that was registered to BlackRock on Monday is detailed on the Division of Corporations website of the Delaware Department of State. This website lists trusts by asset management firms.
It sparked a meteoric rise in the price of XRP within an hour but plummeted to the same level when it was discovered that BlackRock’s name was being used fraudulently.
According to a BlackRock source, Eric Balchunas, an analyst at Bloomberg, stated that the filing is fake.
Although the filing can be found on the Delaware website, it does not appear to originate from BlackRock.
“It’s bizarre stuff, the real issue tho is who the hell is pretending to be BLK and registering legal names?”
The website’s origin bearing the false BlackRock name was also not immediately apparent.
As the crypto community eagerly awaits the US SEC’s approval of a spot Bitcoin ETF, fraudulent information is rapidly disseminated.
The recent surge in the price of Bitcoin from $25,000 in mid-June to over $37,000 is attributable mainly to this factor.
BlackRock did register for a legitimate Ether-based fund that contributed to the crypto’s price increase.
Notably, the identical BlackRock contact name appeared on both the authentic Ether and counterfeit XRP fillings.
XRP Price 15% Pump and Dump
The price of XRP increased by 15% in response to the BlackRock XRP ETF filing news, but it rapidly depreciated after Bloomberg analysts disproved the rumor.
Presently trading at $0.66, the price has changed little over the last 24 hours.
The 24-hour low and high values are $0.645 and $0.740, respectively.
Additionally, over the last 24 hours, the trading volume has increased by 250%, indicating a surge in investor interest.
