Fake XRP ETF filing creates stir

     Recently, fake news of XRP ETF filing by BlackRock created a slur in the crypto market. This was resolved when BlackRock denied it.

XRP ETF problem

     XRP gets its name because of its court victory against the SEC, but that was only a victory in declaring crypto not to be a security in the US. The ETF is a different matter. XRP is neither PoS nor PoW, but a centralised token launched by Ripple.

BTC and ETH ETF stance

     The reason for ETFs is Wall Street's effort to attract investments from crypto investors. Bitcoin is preferred because it was the first cryptocurrency, and Ethereum is also preferred because of its smart contracts. XRP has no such influence, so its ETF would not be profitable to the market anyway.

Alertness

     XRP ETF may bring profit or loss to XRP. Since the defeat of the SEC, it has been claimed for some time now that the price of XRP could rise to $10k, but this has not materialized. In such a situation, the spread of misinformation about XRP may affect its market.

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