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    Home»Crypto News»Cronos Defies Crypto Market Downtick on Friday As Asset Supervisor Canary Capital Recordsdata for CRO ETF – The Every day Hodl
    Cronos Defies Crypto Market Downtick on Friday As Asset Supervisor Canary Capital Recordsdata for CRO ETF – The Every day Hodl
    Crypto News

    Cronos Defies Crypto Market Downtick on Friday As Asset Supervisor Canary Capital Recordsdata for CRO ETF – The Every day Hodl

    By Crypto EditorJune 1, 2025No Comments2 Mins Read
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    Cronos defied a sector-wide downtick on Friday after the crypto asset supervisor Canary Capital filed for a CRO-based exchange-traded fund (ETF).

    CRO is the native asset of the Cronos layer-1 blockchain, which was developed by the trade Crypto.com.

    Canary filed an S-1 Type with the U.S. Securities and Alternate Fee (SEC), proposing an ETF that might supply traders publicity to CRO. If authorized, the product would additionally stake a portion of its CRO holdings to earn rewards.

    The brand new S-1 assertion represents the most recent in a spree of current ETF filings for Canary, which can also be making an attempt to launch Solana (SOL), XRP, Sui (SUI), Litecoin (LTC), Axelar (AXL), Hedera (HBAR) and Pudgy Penguins (PENGU) funds.

    The SEC greenlit the primary spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of {dollars} price of inflows to the highest digital asset by market cap. The regulator subsequently authorized Ethereum (ETH) ETFs for buying and selling final July. Two monetary companies, Franklin Templeton and Hashdex, additionally launched joint BTC-ETH ETFs earlier this yr.

    CRO is buying and selling at $0.102 at time of writing and is up greater than 8% up to now 24 hours. By comparability, the general crypto market cap slumped by greater than 4% over the identical interval.

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    Cronos Defies Crypto Market Downtick on Friday As Asset Supervisor Canary Capital Recordsdata for CRO ETF – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet affiliate marketing.

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