Key dealers
- Canary capital submitted to SEC to start a stake Cro ETF.
- The proposed fund aims to give investors direct exposure to Cronos (CRO), the native symbol for Cronos Blockchain ecosystem.
Asset Manager Canary Capital has submitted a form S-1 Registration statement With Sec to launch the Canary Staked Cro ETF, a new investment product designed to track the spot price on Cronos (CRO) while providing further CRO through effort.
The official SEC archiving follows the Canary Capital’s registration of a unit of trust in Delaware earlier this month, a step that usually signals an imminent formal submission to the SEC.
CRO held by confidence will be stored by Foris Dax Trust Company, which does business like Crypto.com Custody Trust Company, while all input activities will be performed through validated infrastructure suppliers, which are stated in the archiving. All fenced CRO will be subject to a 28-day mandatory bound period during which it cannot be transmitted or withdrawn.
The company will charge an annual uniform fee, although the percentage remains indefinite. The fund’s ticker symbol is currently unavailable.
“ETFs have been an effective way to broaden investors’ participation in crypto and further integrate digital and traditional financial skills,” said Eric Anziani, president and COO for Crypto.com, on a Friday statement. “We are extremely pleased to see this important step taken to build against all investors in the United States who have the opportunity to get involved with CRO through an ETF with Canary Capital.”
Launching a Cronos ETF is part of Crypto.com strategy To expand their platform offers in 2025, which also includes plans to introduce a Stablecoin. The exchange is aimed at both retail and institutional investors, which reflects the growing mainstream acceptance of the crypto -etfs, especially in the United States.
Last month, Crypto.com and Trump Media & Technology Group announced a partnership To launch the “America-First” ETFs linked to digital assets such as Bitcoin and Cronos, with Foris Capital USA, which is reportedly responsible for distributing the funds.
If approved, Canary Capitals proposed fund would be the first place Cronos ETF ever in the United States.
In addition to the proposed Cronos ETF, Canary Capital Sec-approval for multiple Staking-activated Krypto-ETFs, including Canary Staked TRX ETF, which follows the price of faith, and the stacked SEI ETF, which provides direct exposure for SEI tokens from the SEI network.
Sec-personnel issued a statement on Thursday that clarifies that most crypto efforts on proof-of-stake blockchains do not fall under US securities laws.
The guidance describes that rewards are compensation for services provided by node operators rather than profits from entrepreneurs, and it says that custody and associated services related to efforts are not securities offers.
