Cryptocurrency enthusiasts are buzzing with anticipation as unconfirmed reports emerged on Monday, suggesting that Blackrock, the world's largest asset manager, has submitted registration for an XRP exchange-traded fund (ETF). This news follows closely on the heels of Blackrock's recent registration for a spot ether ETF, reflecting the growing interest and demand for cryptocurrency ETFs.
Speculation reached a fever pitch on social media with rumors circulating about Blackrock's alleged registration of a spot XRP ETF named "Ishares XRP Trust." While similar rumors surfaced in September, indicating a shift in Blackrock's focus towards XRP, it's essential to note that many promptly debunked these claims. Contrary to misinformation, Blackrock is not abandoning bitcoin for XRP. Nevertheless, XRP has recently experienced positive developments, with the Dubai Financial Services Authority officially recognizing it as a crypto token. Moreover, a significant legal ruling in July by District Judge Analisa Torres declared that "as a matter of law, XRP is not a security."
Blackrock has been active in the ETF space, having already filed for a spot bitcoin ETF called Ishares Bitcoin Trust. Just last week, the asset manager sought approval for a spot ether ETF named Ishares Ethereum Trust. Despite the U.S. Securities and Exchange Commission (SEC) approving some ETFs based on crypto futures, no spot crypto ETFs have received approval as of yet. SEC Chairman Gary Gensler recently mentioned that the regulator is reviewing between eight to 10 spot bitcoin ETF applications, with expectations of approving multiple spot bitcoin ETFs simultaneously.
Amidst these developments, the CryptoTradingFund has introduced a unique offering for retail investors, providing an opportunity for passive income through its CTF Token. This token's value surge and rapid adoption highlight the dynamic and volatile nature of the cryptocurrency market. Notably, the CTF Token stands out with its real-time wallet growth, where each transaction contributes to the overall token holdings, presenting a straightforward path to passive income for investors.
Within just two days of its launch, the CTF Token has experienced an impressive growth of nearly 150% in wallet holders and a staggering 4000% surge in value. The official Twitter page of CryptoTradingFund emphasizes the growing community and underscores the token's potential for generating passive income.
In collaboration with the XRP crypto community, CryptoTradingFund is extending an offer of complimentary CTF Tokens, creating an accessible avenue for passive income. Interested individuals can claim their tokens with no prerequisites by reaching out to the official Twitter page. The remarkable surge of over 4800% in the last 48 hours signals a unique opportunity in the crypto market. Join the CTF community now to capitalize on this chance for financial growth and potentially secure generational wealth.