The price of Ripple’s XRP coin jumped 10% last Monday on news of an application for a XRP Spot ETF, which was posted on the Delaware Department of State’s Division of Corporations website, claimed to be submitted by Blackrock. Unfortunately for XRP holders, the application was soon found to be fake as clarified by a spokesperson from Blackrock.
It seems that the filing was very similar to Blackrock’s iShares Ethereum ETF application that was submitted the week prior. Within minutes of the fake XRP ETF filing hitting social media, the price of the XRP coin jumped 10%, although these gains were quickly wiped out as news that the application was fake appeared online.
The following day a spokesperson for the Delaware Department of State told CoinDesk on Tuesday that the matter had been referred to the state’s Department of Justice.
“Our only comment is that this matter has been referred to the Delaware Department of Justice,” the spokesperson said.
Latest updates suggest the Delaware Department of State have launched an internal investigation.
