The price of XRP shot up yesterday after someone filed a fake “BlackRock iShares XRP Trust” name registration with the state of Delaware.

Now, the state prosecutors are involved.

According to a Tuesday Bloomberg report, the Delaware Office of the Secretary of State has informed the state Department of Justice about the bogus filing.

On Monday, an application labeled “BlackRock iShares XRP Trust” was filed in Delaware. If real, it would have signaled a forthcoming XRP ETF filing from BlackRock, just like the $8.5 trillion asset manager submitted last week for Ethereum. As soon as word got out about the filing, the price of XRP—the fifth largest digital asset—soared 12% in just 30 minutes.

But it came crashing down after it became clear that BlackRock did not make the filing.

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Author: Mathew Di Salvo

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