Cronos defied a sector -wide decline on Friday after Crypto Asset Manager Canary Capital submitted a Cro-Based Exchange-Traded Fund (ETF).
CRO is the original access for Cronos Layer-1 Blockchain, developed by Exchange Crypto.com.
Canary Archived an S-1 form With the US Securities and Exchange Commission (SEC), an ETF proposes that investors exposure to CRO. If approved, the product would also play some of its CRO holdings to receive rewards.
The new S-1 statement represents the latest in a spree of latest ETF applications for Canary, which also tries to start Solana (Solar, XRPSui (Sui), Litecoin (LTC), Shoulder (Axis) Hedera (Hbar) and pudgy penguins (Panties) means.
SEC Greenlit The first place Market Bitcoin (BTC) ETFs in January 2024 and brought billions of dollars to inflows to the highest digital asset with market value. The controller then approved Ethereum (Ethics) ETF for trade in July last year. Two financial companies, Franklin Templeton and Hashex, also Launched Joint BTC-ETH ETFS earlier this year.
CRO is traded to $ 0.102 in writing and increases more than 8% over the past 24 hours. By comparison, the overall crypto market lid fell by more than 4% during the same period.
Generated Picture: Midjourney
