WhaleWire, a popular analyst in the crypto community, believes that the news about BlackRock preparing to launch an exchange-traded trust based on the Ripple cryptocurrency XRP project – iShares XRP Trust – is not fake, contrary to opinions. With your analysis of the situation he shared with microblog subscribers.
On the evening of November 13, 2023, news appeared in a number of Telegram channels and microblogs that a large asset manager, BlackRock, had submitted an application to launch an investment trust based on XRP. Against the backdrop of the release of the message, the coin’s rate soared by more than 15% in half an hour.
Soon, refutations appeared on the network, which returned the XRP rate to its previous values. Bloomberg Analyst Eric Balchunas statesthat the news is fake. According to him, he received a refutation from BlackRock representatives. Colleague’s statement supported another Bloomberg analyst, James Seyffarth.
By “doubters,” Balchunas likely meant WhaleWire, a popular analyst in the crypto community. In my microblog He published a post questioning the fake nature of reports about BlackRock preparing to launch a product based on XRP.
WhaleWire noticed that information about the iShares XRP Trust is still available in the corporations section of the website Delaware State Department. In his opinion, if the news was fake, the application card would have been removed from the platform.
The application states that it was registered on November 13, 2023. The registrant is BlackRock Managing Director, Daniel Schweiger.
WhaleWire also drew attention to the fact that before publishing applications on the regulator’s website, applicants must go through a number of procedures, including providing two witnesses and signing documents. Therefore, the likelihood of an iShares XRP Trust card appearing erroneously on the website Delaware State Department the analyst considers it minimal.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
