XRP briefly spiked as much as 10% as an apparent Delaware corporation registry document for the iShares XRP Trust became public.
The document was similar to those BlackRock had legitimately filed prior to its formal applications for spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs).
An already lower crypto market was shaken up further by the fake news. SOL, which was a leader of the altcoin rally by more than doubling in price in a month, tumbled to an 8% loss over the past 24 hours. LINK and AVAX plunged more than 10% and 13%, respectively.
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