A confusing presentation from BlackRock suggesting that the asset manager was creating an XRP ( XRP) exchange-traded product (ETP) sparked a 12% surge in

The saga lasted an hour late on November 14, as Twitter users picked up on a Delaware filing showing that BlackRock filed to register the "iShares XRP Trust," a precursor to launching a exchange-traded fund (ETF). XRP gained 12%, reaching $0.73 within 30 minutes of news of the filing. However, it lost all its gains within half an hour after it was confirmed as fake by Bloomberg ETF analyst Eric Balchunas, who spoke to BlackRock.