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BitcoinSistemi 2025-05-30 17:34:08

Canary Capital Files ETF Application with SEC for an Unexpected Altcoin!

Canary Capital Files ETF Application with SEC for an Unexpected Altcoin!

The U.S. Securities and Exchange Commission has yet to make a decision on ETF applications for several altcoins, including Solana (SOL), XRP, and Cardano (ADA). While the SEC continues to delay ETF applications, new ETF applications are also coming in. At this point, the last application came from ETF issuer Canary Capital. Accordingly, Canary Capital has filed a spot ETF application for staked Cronos (CRO) with the SEC. The ETF being applied for aims to provide direct exposure to the price of CRO, the native cryptocurrency of the Cronos blockchain and associated with the Crypto.com ecosystem. According to the filing, Crypto.com will serve as the custodian and liquidity provider for the fund. The fund intends to stake a portion of its assets through one or more staking providers, potentially providing additional returns for investors. Eric Anziani, COO of Crypto.com, said: “ETFs have been an effective tool to expand investor participation in crypto and further integrate digital and traditional finance capabilities. We are excited about this important step towards all investors in the U.S. having the opportunity to engage with CRO through an ETF with Canary Capital.” This ETF filing follows Canary Capital and Crypto.com’s recently announced partnership to establish the Canary CRO Trust, CRO’s first dedicated investment vehicle for U.S. accredited investors. *This is not investment advice. Continue Reading: Canary Capital Files ETF Application with SEC for an Unexpected Altcoin!

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