"Delaware's Urgent Conversation: Addressing the Issues"

1 min read
Source: CoinDesk
"Delaware's Urgent Conversation: Addressing the Issues"
Photo: CoinDesk
TL;DR Summary

A recent filing for an XRP Trust by BlackRock in Delaware sparked speculation about the launch of an XRP exchange-traded fund (ETF), following their applications for bitcoin and ether ETFs. However, BlackRock has confirmed that the filing is false. This incident highlights concerns about the ease of manipulating the crypto market and the need for verification of filings. The XRP filing may have been an attempt to pump the token's price, but given the ongoing litigation with the U.S. SEC, XRP may not be a suitable asset for an ETF. The Delaware Division of Corporations website does not provide sufficient information to determine the legitimacy of filings, raising questions about the screening process.

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