Fake BlackRock XRP ETF triggers rally, SEC delays decision, Elon Musk loses advertisers, sustained institutional adoption | Weekly Recap
This week, the crypto community erupted when a fake BlackRock XRP ETF filing surfaced; regulators are still indecisive on ETF filings; Elon Musk’s “thermonuclear” lawsuit earns praise from InputOutput; and institutional adoption remains sustained . Fake BlackRock XRP ETF filing The XRP community was thrown into excitement when a filing for a BlackRock iShares XRP Trust made its way to the Delaware ICIS on Nov. 13. The discovery triggered an XRP rally to $0.73. However, the asset was dumped immediately when several industry commentators such as Bloomberg ETF analyst Eric Balchunas confirmed that the filing was fake. Shortly after reports of the fake filing surfaced, the Delaware State Department reported the case to the state’s Department of Justice (DoJ). SEC postpones decision on ETF filings The SEC once again postponed making a decision on crypto-focused ETF filings. The securities regulator deferred its decision on Hashdex’s application for a spot ...