Cronos (CRO) Surges Amid Sluggish Crypto Market, New ETF Coming Soon!

Updated

June 2, 2025

Gambar Cronos (CRO) Surges Amid Sluggish Crypto Market, New ETF Coming Soon!

Jakarta, Pintu News – On Friday, Cronos (CRO) managed to buck the downward trend that hit the crypto sector as a whole. This came after crypto asset manager, Canary Capital, submitted a proposal for a CRO-based ETF.

ETF Filing by Canary Capital

Canary Capital has officially filed a Form S-1 with the US Securities and Exchange Commission (SEC), with plans to launch an ETF product that will give investors exposure to Cronos (CRO). The product will not only offer exposure, but will also stake a portion of CRO holdings for rewards.

This marks one of many ETF filings made by Canary, which also includes attempts to launch funds based on Solana , Ripple and others. The ETF, if approved, will be one of the new ways for investors to get involved in the crypto market through a more traditional and possibly safer instrument. Canary Capital has been active in proposing various ETFs covering a wide range of crypto assets, demonstrating a strong belief in the growth potential of the sector.

Also Read: MicroStrategy Up 2,930%! Michael Saylor’s Crazy Strategy in Crypto Turns out to be Fruitful

CRO Performance in the Market

cronos crypto — Source: The Crypto Getaway

At the time of writing, Cronos (CRO) is trading at $0.102 and has risen over 8% in the last 24 hours. Meanwhile, the overall crypto market capitalization has decreased by more than 4% in the same period. This increase in the price of CRO shows the market’s positive response to Canary Capital’s ETF filing.

This performance stands out especially because it came amid generally bearish market conditions. This shows that news of a potential ETF can have a significant impact on the perception and value of a cryptocurrency. Investors may see this as an indication of the legitimacy and long-term growth potential of the CRO.

Regulation and Its Impact on Crypto ETFs

The SEC’s approval of the first spot Bitcoin ETF in January 2024 has opened the door for more similar products focused on other crypto assets. An Ethereum ETF was also approved and began trading in July last year. Both of these products have managed to attract billions of dollars into the crypto assets they focus on.

The SEC’s move is expected to expand the acceptance and integration of cryptocurrencies in the mainstream financial system. With ETFs in place, investors who may have previously been hesitant to jump into crypto purchases may find a more convenient and organized way to invest.

Conclusion

Cronos’ (CRO) success in the face of a down market shows the potential that ETF initiatives have to change the dynamics of the crypto market. With the continued proliferation of products like ETFs, cryptoassets are getting closer to the point where they are recognized as an important component of global investment portfolios.

Also Read: Bitcoin in danger of weakening again? Bollinger Bands indicator gives this sign!

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.