A false filing posted to the State of Delaware Division of Corporations on November 13 will be forwarded to the Delaware Department of Justice.
In a Nov. 14 statement, a Delaware Department of State spokesperson told Cointelegraph that the false filing claiming that asset manager BlackRock registered an “iShares XRP Trust” would be forwarded to state authorities. The record, which appeared as a list in the state Division of Corporations on November 13, momentarily caused the price of XRP to rise approximately 12% before losing its gains when the falsehood was revealed.
LATEST ON FAKE XRP ETF FILING: “Our only comment is that this matter has been referred to the Delaware Department of Justice,” the (Delaware Department of State) spokesperson said. Curse. Someone out there is shitting their pants as we speak... https://t.co/Xea226Q1vT
- Eric Balchunas (@EricBalchunas) November 14, 2023
It is unclear what action, if any, the Delaware Department of Justice may take in response to the referral. The party or parties responsible for the fake listing appeared to have used BlackRock CEO Daniel Schwieger's name to register the trust, suggesting possible fraud if XRP (XRP) were about transactions.
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The fake XRP trust filing hinted that BlackRock may have been planning to launch an XRP-linked exchange-traded fund (ETF) in the United States, a major milestone for the crypto space. BlackRock registered an ether (ETH) trust in Delaware on November 9, but to date, the US Securities and Exchange Commission has not approved the listing of any spot crypto ETFs.
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