State authorities may be investigating the fake registration for a BlackRock “iShares XRP Trust” following a referral from Delaware's Division of Corporations.
A fake filing published to the State of Delaware’s Division of Corporations on Nov. 13 will be referred to the Delaware Department of Justice.
In a Nov. 14 statement, a spokesperson for the Delaware Department of State told Cointelegraph that the false filing claiming that asset manager BlackRock registered an “iShares XRP Trust” would be referred to state authorities. The registration, which appeared as a listing on the state’s Division of Corporations on Nov. 13, momentarily caused the price of XRP to surge roughly 12% before losing its gains when the falsehood was revealed.
This is a developing story, and further information will be added as it becomes available.