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Blackrock Denies Attempting to Launch XRP ETF, Regulatory Filing Deemed Fake

Blackrock has denied reports that it is planning to launch an XRP exchange-traded fund (ETF). A spokesperson confirmed that a regulatory filing suggesting the company had taken a first step toward doing so was fake. XRP's price briefly rose by more than 10% before returning to its pre-news intraday price of around 65 cents. Blackrock has previously filed with the US Securities and Exchange Commission (SEC) to launch spot bitcoin and ether ETFs.

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