CRO ETF? Canary Capital Files for US Cronos Fund as Altcoin Rente intensify

Crypto Asset Manager Canary Capital has applied for an exchange-related Fonds-Tracking Cronos (CRO), the token affiliated with the Crypto.com Exchange, according to one submit With the US Securities and Exchange Commission on Friday.

The S-1 registration form marks the newest step of Canary Capital in the direction of possible debuting his Canary Interest CRO ETF in the US and contributes to the growing list of Altcoin-based funds for the regulator.

Earlier this month, the issuer registered a Delaware Trust entity and laid the legal foundation for the fund.

Cronos is the 44th largest cryptocurrency through market capitalization, according to data provider Coingecko. It was recently traded at $ 0.10, an increase of 5.5% in the last 24 hours, facts Shows.

The CRO ETF application is part of a wave of applications that issuers have submitted for funds based on popular altcoins. Those submissions follow the success of Spot Bitcoin ETFs such as BlackRock’s Ishares Bitcoin Trust ETF, who had from Wednesday Rake in a record -breaking $ 6.22 billion In investments in May.

Include the archives Proposals for following funds Solana, Dogecoin, Bonk, Official Trump and even the Ethereum NFT collection Pudgy Penguins and the accompanying Pengu toky on Solana.

In recent months, the committee has had that Deadlines are expanded to approve or reject it Applications for SOL, XRP and Doge.

Earlier this year, crypto.com suggested Billions of burnt Cronos -Tokens revive To finance a non-binding agreement with Trump Media & Technology Group, the truth-social owner with links to US President Donald Trump and other members of the first family.

In March, the Companies indicated that they would make ETFs Based on Cronos, Bitcoin and shares for “various industries such as energy” Available for investors.

Published by James Rubin