Analysis

Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

Published

4 months ago

June 1, 2025

Cronos defended a sector-wide Dostick on Friday after the Crypto Asset Supervisor Canary Capital had submitted for a CRO-based exhibition-related fund (ETF).

CRO is the native property of the Cronos Layer-1 Blockchain, which was developed by the Trade Crypto.com.

Canary an S-1 form submitted With the US Securities and Trade Fee (SEC), proposing an ETF that might provide traders to CRO. If accepted, the product would additionally use a part of its CRO Holdings to earn rewards.

The brand new S-1 assertion represents the latest in a spree of latest ETF studies for Canary, who additionally tries Solana (SOL), XRP, Sui (SII), Litecoin (LTC), Axelar (AXL), Hedera (Har) and Pudgy Penguins.

The SEC Greenlit The primary spot market Bitcoin (BTC) ETFs in January 2024, which yields billions of {dollars} on the consumption of the digital energetic of the market hairstyles. The supervisor then accepted ETHEREUM (ETH) ETFs for the commerce in July. Two monetary firms, Franklin Templeton and Hashdex, additionally launched joint BTC ETFs earlier this yr.

CRO acts at $ 0.102 on the time of writing and has risen by greater than 8% for the previous 24 hours. For comparability: the overall crypto market hood was decrease by greater than 4% throughout the identical interval.

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