**Summary:**
A fake filing by BlackRock suggesting the launch of an XRP exchange-traded product caused a 12% spike in XRP, which quickly evaporated after the filing was confirmed to be false. The saga lasted an hour during which XRP surged from the news but then lost all its gains after Bloomberg ETF analyst Eric Balchunas confirmed it as fake. BlackRock has signaled its interest in expanding beyond Bitcoin with its ETF aspirations, having filed for a spot Ether ETF after the firm filed for a spot Ether ETF on Nov. 9. The official spot Ether ETF submission by Nasdaq to the Securities and Exchange Commission confirmed its authenticity.

**XRP Surges then Plummets After Faked BlackRock XRP Trust Filing**

A recent incident involving a fake filing by BlackRock suggesting the launch of an XRP exchange-traded product led to a brief surge and subsequent drop in XRP prices. The episode, which took place on November 14, quickly garnered attention from XRP enthusiasts.

According to the reports, the surge in XRP was triggered when a Delaware filing surfaced, indicating that BlackRock had filed to register the “iShares XRP Trust,” fueling speculation about the potential launch of an exchange-traded fund (ETF) for XRP. This caused a 12% spike in XRP, driving its price to $0.73 within 30 minutes of the news of the filing. However, the gains were short-lived as the filing was soon confirmed to be fake by Bloomberg ETF analyst Eric Balchunas. Balchunas, who spoke with BlackRock, dispelled the rumors, attributing the deceptive filing to someone impersonating BlackRock managing director Daniel Schwieger.

Subsequently, the price of XRP swiftly retraced, losing all its gains within half an hour of the confirmation of the filing’s inauthenticity. This incident sheds light on the susceptibility of the cryptomarket to significant price fluctuations triggered by rumors and false information.

In a related context, BlackRock has indicated its interest in diversifying its offerings beyond Bitcoin, as evidenced by its filing for a spot Ether ETF on November 9. This authentic filing was submitted by Nasdaq to the Securities and Exchange Commission, confirming its legitimacy.

**FAQs:**
1. Is the BlackRock filing for an XRP trust real?
– No, the filing was confirmed to be fake by Bloomberg ETF analyst Eric Balchunas, who spoke with BlackRock.

2. How much did XRP’s price spike after the news of the filing?
– XRP surged by 12% and reached $0.73 within 30 minutes of the filing news.

3. Did BlackRock confirm its interest in expanding beyond Bitcoin?
– Yes, BlackRock has filed for a spot Ether ETF, signaling its intent to diversify its offerings beyond Bitcoin.

4. When was the spot Ether ETF filing confirmed?
– The spot Ether ETF filing by BlackRock was officially confirmed via a 19b-4 submission by Nasdaq to the Securities and Exchange Commission.