XRP ETF Fake News Leads to Over $6M Liquidations

In a post on X (formerly Twitter), a statement was made that indicated global asset manager BlackRock had applied for an XRP ETF.
However, Bloomberg analyst Eric Balchumas stated that the news was fake, claiming that he verified the information with Blackrock.
Balchumas alleged that “some whacko must have added using BlackRock executive name.”
Coinglass data reveals a sell-off in response to the news. At the time of publication, the 24-hour liquidation volume for XRP amounts to $6.91 million.