A false alarm pointing to Blackrock registering an XRP exchange-traded fund (ETF) has led to $6 million in liquidations.

Although the announcement received a prompt correction, XRP’s trading volume still experienced a noticeable shift.

Speculations and Liquidations Surrounding XRP News

In a post on X (formerly Twitter), a statement was made that indicated global asset manager BlackRock had applied for an XRP ETF:

“BLACKROCK FILES TO REGISTER A NEW ISHARES XRP TRUST ENTITY IN DELAWARE.”

However, shortly after a correction post was made:

“DELAWARE FILING FOR ISHARES XRP TRUST ENTITY IS FAKE.”

Furthermore, Bloomberg analyst Eric Balchumas also stated that the news was fake, claiming that he verified the information with Blackrock.

Balchumas alleged that “some whacko must have added using BlackRock executive name.”

Learn more: How To Buy XRP and Everything You Need To Know

However, Coinglass data reveals a sell-off in response to the news. At the time of publication, the 24-hour liquidation volume for XRP amounts to $6.91 million.

At the time of publication, XRP’s price stands at $0.66.

Go to Source to See Full Article
Author: Ciaran Lyons

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details