Cryptocurrency alternate Crypto.com is gearing as much as launch a Cronos (CRO) spot exchange-traded fund (ETF) in 2025.
The corporate has already begun increasing its platform’s choices within the first quarter of the 12 months.
Cronos Spot ETF in 2025?
In line with Crypto.com’s launched roadmap, the ETF submission is scheduled for the fourth quarter of 2025. Nonetheless, particular particulars concerning the proposed ETF have but to be disclosed.
The push for a Cronos ETF comes as institutional curiosity in crypto funding merchandise soars. Following the success of Bitcoin ETFs, a wave of recent filings has emerged, with establishments wanting to capitalize on the rising momentum.
“Up to now, so good: Spot bitcoin ETFs pulled in $4.94 billion in January, which annualizes to ~$59 billion. For context: In all of 2024, they introduced in $35.2 billion,” Matt Hougan, CIO of Bitwise, posted on X (previously Twitter).
Moreover, with a extra favorable regulatory surroundings below President Donald Trump’s administration and Gary Gensler’s exit from the SEC, filings for altcoin ETFs have elevated considerably.
Notably, issuers have additionally submitted proposals for meme coin ETFs. These embody filings from Rex Shares, Tuttle Capital, and Bitwise.
In the meantime, within the lead-up to the submitting, Crypto.com plans to introduce a spread of recent providers, together with inventory buying and selling, inventory choices, and ETFs, starting within the first quarter.
Moreover, the corporate is about to roll out new banking options, reminiscent of private multicurrency accounts and money financial savings accounts, additional increasing its monetary providers ecosystem. The alternate additionally plans to launch a brand new stablecoin by the third quarter.
Crypto.com has already applied 5 of the six deliberate merchandise from its Q1 roadmap, together with the early launch of institutional custody providers. In actual fact, on January 27, Crypto.com’s Malta subsidiary acquired a Markets in Crypto-Belongings Regulation (MiCA) license from the Malta Monetary Companies Authority (MFSA).
As per the announcement, this made Crypto.com the primary main world crypto service supplier to safe the total MiCA license. This adopted the corporate’s earlier in-principle approval of its MiCA license.
“Securing a MiCA licence has been a significant precedence for us lately, and receiving this approval additional cements our continued dedication to being probably the most compliant and controlled crypto platform globally,” mentioned Crypto.com’s President Eric Anziani.
This regulatory achievement aligned with Crypto.com’s broader enlargement technique. Regardless of these developments, the value of CRO has been in a sustained downtrend since early December.
Over the previous month, the token has declined by 35.7%, erasing a good portion of its earlier features.
At press time, CRO was buying and selling at $0.10, marking a 3.6% drop up to now 24 hours. The persistent downward momentum prompt continued promoting stress available in the market.
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