{"id":457331,"date":"2023-11-15T12:37:43","date_gmt":"2023-11-15T12:37:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=457331"},"modified":"2023-11-15T12:37:43","modified_gmt":"2023-11-15T12:37:43","slug":"fake-blackrock-xrp-filing-referred-to-state-justice-department","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fake-blackrock-xrp-filing-referred-to-state-justice-department","title":{"rendered":"Fake BlackRock XRP Filing Referred To State Justice Department"},"content":{"rendered":"<p>A fake filing that indicated <span style=\"font-weight: 400\">asset management titan BlackRock was preparing to launch a spot <\/span><a href=\"https:\/\/cointelegraph.com\/news\/crypto-lawyer-says-20m-settlement-is-win-for-ripple\"><span style=\"font-weight: 400\">XRP<\/span><\/a><span style=\"font-weight: 400\"> ETF (exchange-traded-fund) has been referred to the <\/span><span style=\"background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);text-align: var(--bs-body-text-align)\">Delaware Department of Justice.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The filing still appeared on the Delaware Department of State&rsquo;s Division of Corporations website as of 2:30 pm EST on Nov. 14.<\/span><\/p>\n<p><span style=\"font-weight: 400\">&ldquo;Our only comment is that this matter has been referred to the Delaware Department of Justice,&rdquo; a spokesperson for the Delaware Department of State told CoinDesk.<\/span><\/p>\n<p><span style=\"font-weight: 400\">&nbsp;<\/span><span style=\"font-weight: 400\">Ripple&rsquo;s native token, XRP, saw its price jump just minutes after the fake spot XRP ETF <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/fake-blackrock-xrp-etf-filing-triggers-market-turbulence-before-being-swiftly-debunked\"><span style=\"font-weight: 400\">filing<\/span><\/a>, before quickly reversing when BlackRock denied it had made such a filing<span style=\"font-weight: 400\">. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This can't be real. Ishares XRP Trust registered in Delaware? <a href=\"https:\/\/t.co\/pA3PX7i8Wu\">pic.twitter.com\/pA3PX7i8Wu<\/a><\/p>\n<p>&mdash; Summers (@SummersThings) <a href=\"https:\/\/twitter.com\/SummersThings\/status\/1724167157959831636?ref_src=twsrc%5Etfw\">November 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400\">Spot XRP ETF Filing Similar to iShares Ethereum Trust<\/span><\/h2>\n<p><span style=\"font-weight: 400\">This latest hoax filing has led to questions about how easy it appears to be to make them. The verification process behind filing for a Trust has drawn some criticism.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> There are currently seven steps required to form a new corporate entity, according to the Delaware website, but is seems that can be done by filling out interactive PDF forms online.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Fears that the Bogus Spot XRP ETF Could Hinder Spot Bitcoin ETF chances<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The U.S. Securities and Exchange Commission (SEC)&nbsp; has rejected several spot Bitcoin ETFs in the past, claiming a lack of protection for investors from &ldquo;fraudulent and manipulative acts and practices.&rdquo; <\/span><\/p>\n<p><span style=\"font-weight: 400\">This latest surge in <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-price-prediction-for-today-november-14-xrp-technical-analysis\"><span style=\"font-weight: 400\">XRP&rsquo;s<\/span><\/a><span style=\"font-weight: 400\"> price left some wondering if it may affect the SEC&rsquo;s decision on whether to approve a batch of about a dozen applications for spot Bitcoin ETFs<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">&ldquo;There&rsquo;s no doubt it is a bad look that arguably validates the &lsquo;fraud and manipulation&rsquo; that the SEC used as grounds for past denial,&rdquo; Bloomberg ETF analyst Eric Balchunas told CoinTelegraph. <\/span><\/p>\n<p><span style=\"font-weight: 400\">But Balchunas remains confident that the fake spot XRP ETF filing will not &ldquo;<\/span><span style=\"font-weight: 400\">impact the situation with spot Bitcoin ETFs,&rdquo; he said.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-price-prediction-for-today-november-14-xrp-technical-analysis\"><span style=\"font-weight: 400\">Ripple Price Prediction for Today, November 14 &ndash; XRP Technical Analysis<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/inspired-by-blackrocks-ethereum-etf-plans-bitcoin-etf-token-investors-rush-to-seize-final-opportunity-at-bargain-0-005-price-point\"><span style=\"font-weight: 400\">Inspired by BlackRock&rsquo;s Ethereum ETF Plans, Bitcoin ETF Token Investors Rush To Seize Final Opportunity At Bargain $0.005 Price Point<\/span><\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/fake-blackrock-xrp-etf-filing-triggers-market-turbulence-before-being-swiftly-debunked\"><span style=\"font-weight: 400\">Fake BlackRock XRP ETF Filing Triggers Market Turbulence Before Being Swiftly Debunked.<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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