The fake BlackRock spot XRP exchange traded fund (ETF) application news released to the market caused serious price movements.
The cryptocurrency market was once again abuzz with “fake” ETF news. Yesterday 23.30 CEST in the waters of “SummersThingsA social media user named “BlackRock Ishares XRP Trust for spot ETF in Delaware, USA is on record shared. This post spread rapidly in the market and then the XRP price increased within minutes. up to 12% An increase was seen.
But soon The Block broke the news fake When we announced that XRP price quickly rose to its starting point to $0.65 band declined. Additionally, a BlackRock spokesperson confirmed that the document circulating was fake.
According to Coinglass data, as a result of the price fluctuation in the last 24 hours $4.69 million XRP long) And $2.45 million short The futures position was liquidated.
A similar situation about a month ago Cointelegraph via social mediaBlackRock’s spot Bitcoin ETF approvedThis also happened in the fake news themed “. Bitcoin, which rose rapidly in those minutes, then declined when it was realized that the news was fake. But that fake news, Bitcoin over 36 thousand dollars It also ignited the remarkable rise that carried
Although BlackRock does not currently have any spot XRP ETF, experts think that the rise experienced last night may push XRP up in the coming days, just like Bitcoin.
According to CoinGecko data, with fake news 12.5% rising XRP 0.652 from dollars 0.731 reached USD. XRP at the time of writing 0.663 It is traded in dollars.