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A fake business registration for a BlackRock XRP trust fueled a market surge and subsequent fall.
The registration, still available on the website for Delaware’s Division of Corporations, mirrors past legitimate registrations by the asset management giant. It names BlackRock Advisors and Daniel Schweiger as registered agents.
BlackRock representatives have reportedly said that the filing is false, according to Bloomberg ETF analyst Eric Balchunas.
“Confirmed by BlackRock by me. Some whacko must have added using BlackRock executive name etc. Cmon man,” Balchunas wrote on X, formerly Twitter.
Ripple (XRP’s) price soared as much as 10% on the news before falling. In the wake of…
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