The XRP community has challenged the rationale behind BlackRock’s failure to file a genuine XRP exchange-traded fund (ETF) despite the digital asset’s regulatory clarity.
This development comes amid a disputed XRP ETF filing recently spotted on the Delaware Corporation Commission website.
In a recent tweet, BlackRock_News, an X account affiliated with BlackRock, affirmed that the trillion-dollar asset manager submitted no iShares XRP Trust filing, as opposed to the insulations of the document visible on the Delaware state government portal.
Furthermore, BlackRock_News stated that following the confirmation from the company, the development has been escalated to the Delaware Division of Corporations for further investigation.
As we confirmed yesterday, BlackRock has not filed an iShares XRP Trust. We have escalated this issue with the Delaware Division of Corporations. https://t.co/IDlGhPjU7V
— BlackRock_News (@BlackRock_News) November 15, 2023
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It is worth mentioning that BlackRock itself has not officially released a statement concerning the disputed XRP ETF, creating room for more confusion. Nonetheless, the firm’s X handle has reposted the tweet from BlackRock_News. This singular act has added credence to the claim that BlackRock has filed no XRP ETF.
XRP Army Reacts
With the confirmation that there is no pending XRP ETF, the XRP community has questioned the reasoning behind BlackRock’s decision not to file a legitimate exchange-traded fund based on XRP.
In a reply statement to BlackRock_News, the influencer behind the Digital Perspectives brand asked BlackRock why it had not submitted an XRP ETF. The XRP community figure believes XRP rightfully deserves an ETF investment vehicle, given that XRP is the only digital asset with regulatory clarity.
And why in the hell haven’t you? #XRP is the only digital asset with legal clarity. What are you waiting for? https://t.co/s4wrxWWGm2
— Digital PerspectivesPermaBull🪝 (@DigPerspectives) November 15, 2023
Recall that in July, a federal U.S. court judged that XRP is not a security, making its regulatory status in the United States clear, unlike other crypto assets.
In parallel, members of the XRP community echoed the influencer’s sentiment. They believe XRP deserves an ETF as much as Bitcoin and Ethereum. Recall that BlackRock filed an Ethereum ETF last week, and many have pointed out that the application looks similar to the bogus XRP application.
Also, the XRP Army has expressed concerns that prominent asset managers merely have a preference for Bitcoin and Ethereum, even though no court has proclaimed the duo non-security assets.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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- Source: https://cryptoinfonet.com/regulation/xrp-army-questions-blackrocks-failure-to-file-legitimate-xrp-etf-despite-regulatory-clarity/
