šØ BlackRock & XRP ETF Rumours: Whatās Really Going On? šØ
Thereās been a lot of buzz in the crypto world about BlackRock supposedly launching an XRP ETF. Letās clear the air and focus on the facts.
š Whatās Actually Happening
No Official Filing: As of now, BlackRock has not submitted any official request to launch an XRP ETF.
Fake Documents in Circulation: A fraudulent filing falsely claiming a BlackRock XRP ETF was made public, briefly pushing XRPās price up. This is now under investigation by the Delaware Department of Justice.
BlackRock Responds: The firm has firmly denied any plans for an XRP ETF and stated it has no current interest in such a product.
š Context Matters
Ripple's recent settlement with the SEC has created a more favourable regulatory environment for XRP, fueling speculation around potential ETF offerings. However, BlackRock has taken no actionable steps in that direction.
š§ What Investors Should Know
Be cautious with headlines and social media chatter. Until there's an official SEC filing or announcement, talk of a BlackRock XRP ETF is pure speculation. Making investment moves based on rumours can be risky.
Always cross-check with reliable sources before acting on crypto news.
