Did JPMorgan Secretly Buy 7.5 Million XRP? Here’s What We Know


21 Nov 2023 11:00 PM

The crypto rumor mills have been abuzz lately with talk of JPMorgan, a US megabank, secretly buying XRP tokens....

  • Rumors have been circulating that JPMorgan, a US megabank, secretly bought 7.5 million XRP tokens.
  • The rumor originated from a leaked report and quickly spread on social media platforms.
  • The lack of evidence and inconsistencies in the numbers have raised doubts about the rumor's validity.
  • There have been no official statements from JPMorgan regarding the purchase of XRP or holding any cryptocurrency.
  • BlackRock's involvement in XRP has also been mentioned, but there is no indication of their interest.
  • A fake filing of a BlackRock XRP ETF appeared on the Delaware Corporation website, which has since been taken down.
  • The Basel Committee on Banking Supervision (BCBS) reported that XRP ranks third in digital assets held by global banks, making up 2% of their investments.

The article discusses rumors surrounding JPMorgan's alleged purchase of XRP tokens. The sentiment is mostly skeptical, questioning the validity of the rumors and highlighting the lack of evidence.

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You May Ask

Has JPMorgan officially confirmed buying XRP tokens?What inconsistencies have been pointed out regarding the rumored purchase?Is BlackRock involved in XRP, as rumored?How does XRP rank among digital assets held by global banks, according to the BCBS report?What is the significance of JPMorgan's own JPM Coin in relation to the rumors?

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