The state of Delaware has taken action against a fraudulent XRP exchange-traded fund (ETF) it received, according to reports from Bloomberg on November 14.
On November 13, BlackRock appeared to file a registration with Delware’s Division of Corporations, indicating it is pursuing an XRP exchange-traded fund (ETF). However, later developments revealed that the application had been wrongly submitted by an unknown party.
Now Delaware is taking steps to investigate the false submission. Bloomberg Terminal quoted a statement from an official saying that Delaware “has referred the matter to the Department of Justice.” That statement came from Rony Baltazar-Lopen, director of policy and communications at the Delaware Secretary of State’s office.
Bloomberg added that the matter is being handled by the state’s own Department of Justice – presumably the U.S. Attorney’s Office for the District of Delaware.
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Some still believe that reporting is real
Despite widespread reports that BlackRock’s filing is false, some XRP and Ripple proponents have suggested that the filing is legitimate.
XRP commentator Alex Cobb noted that the filing can still be viewed on Delaware’s Department of Corporations website. Elsewhere, @SinceXRP is noted BlackRock has not publicly denied the filing (despite making private statements to news sources, CryptoSlate Amongst them).
Finally @XRPCryptoWolf speculated that If investigation does not identify the party that filed the registration, BlackRock may have filed and simply withdrawn its plans to offer the product privately.
Regardless of speculations, CryptoSlate can confirm, after receiving private confirmation from BlackRock, that the XRP ETF application is indeed fake.
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