{"id":129564,"date":"2025-05-19T19:15:35","date_gmt":"2025-05-19T19:15:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129564"},"modified":"2025-05-19T19:15:35","modified_gmt":"2025-05-19T19:15:35","slug":"crypto-com-and-canary-capital-to-launch-us-cro-fund","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129564","title":{"rendered":"Crypto.com and Canary Capital to launch US CRO fund"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain\u2019s native token, CRO, the cryptocurrency exchange said in a statement.<br \/>\nThe Canary CRO Trust will hold the Cronos (CRO) token in a regulated fund wrapper, Crypto.com said, adding that the trust is not an exchange-traded fund (ETF) and is only available to accredited investors.\u00a0<br \/>\nCreating regulated funds such as CRO Trust is part of Crypto.com\u2019s plan for \u201cfurther mainstreaming crypto,\u201d Eric Anziani, president and chief operating officer of Crypto.com, said in a statement.<br \/>\nIn March, the crypto exchange partnered with Trump Media &amp; Technology Group, a company affiliated with US President Donald Trump, to launch a series of Trump-branded ETFs, including one holding CRO.<br \/>\nThe Trump Media ETFs are still awaiting approval from the US Securities and Exchange Commission (SEC), which has not yet authorized any CRO ETFs for US trading, Crypto.com said.<br \/>\nCronos has a total value locked of nearly $440 million. Source: DefiLlamaRelated: 21Shares launches ETP for Crypto.com&#8217;s Cronos token<br \/>\nCronos ecosystem<br \/>\nCronos is a layer-1 blockchain network affiliated with Crypto.com.\u00a0The chain is designed to integrate with the Ethereum and Cosmos ecosystems and support decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other Web3 applications.<br \/>\nThe chain has a total value locked (TVL) of nearly $440 million, according to\u00a0data\u00a0from DefiLlama. Its most popular application is VVS Finance, a DeFi platform for token swaps and yield farming.<br \/>\nThe CRO token has a market capitalization of roughly $880 million as of May 19, according to Cointelegraph\u2019s market data.\u00a0<br \/>\nAltcoin ETF filings<br \/>\nSince Trump took office in January, he has signaled a more crypto-friendly approach to regulation, prompting asset managers to seek to list roughly 70 new crypto ETFs.<br \/>\nIn May, asset manager VanEck filed to list an ETF tied to another exchange-affiliated token, BNB Chain\u2019s native BNB. The chain is affiliated with Binance, the world\u2019s largest centralized exchange.<br \/>\nThe same month, 21Shares launched an exchange-traded product (ETP) in Europe offering exposure to Crypto.com\u2019s CRO token.\u00a0<br \/>\nMagazine:\u00a0Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review<a href=\"https:\/\/cointelegraph.com\/news\/crypto-com-canary-capital-launch-us-fund?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain\u2019s native token, CRO, the cryptocurrency exchange said in&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129564"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129564"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129564\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129564"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}