CRO ETF? Canary Capital Files for US Cronos Fund as Altcoin Interest Intensifies
Summary
Canary Capital has filed for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission to track Cronos (CRO), the token linked to Crypto.com. This move is part of a trend of applications for altcoin-based funds, following the success of spot Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust ETF. Canary Capital registered a Delaware Trust entity to support the fund's launch. Cronos ranks as the 44th-largest cryptocurrency by market cap, recently trading at $0.10. Other proposed ETFs include those tracking Solana, Dogecoin, and Ethereum NFT collections. The SEC has delayed decisions on several altcoin ETF applications.
