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Approximately 1 hour ago, the application verified on the Delaware website was now rejected by the company. Interestingly, after the previous application made with the exact same information, BlackRock officially applied for an ETF for ETH. The price of XRP Coin dropped from $0.75 to $0.65 after these two contradictory news.
Why is XRP Coin Falling?
The price of XRP Coin had risen rapidly after the news that an application was registered for an ETF with the number 2619091 on the Delaware website. Bloomberg ETF experts initially suggested that this could be a suspicious application, but after checking and verifying the file, they confirmed it. However, a statement from BlackRock officials later denied this application. Below, you can see the result of the application made for XRP Coin on the Delaware website.
The same application had previously been made for ETH with the same information, and there doesn’t seem to be any difference in the filing details.
The image above shows the ETF application for XRP on the left and for ETH on the right. Although there is no noticeable difference when the files are checked, the price that rose with the XRP Coin ETF application was withdrawn because BlackRock denied it. Bloomberg ETF expert James Seyffart said the following about the matter;
“After many people saw that the XRP trust was fake, they are now asking if the Ethereum trust application is real or not.
YES. The iShares Ethereum trust filing is real and has been approved through the 19b-4 filing on Thursday. Only the XRP trust application was fake.”
Bloomberg ETF expert Eric Balchunas wrote the following;
“This is false! Confirmed by BlackRock. Some crazies must have added the BlackRock executive name, etc. Come on, buddy.”
