The U.S. Securities and Substitute Commission has but to form a decision on ETF purposes for several altcoins, at the side of Solana (SOL), XRP, and Cardano (ADA).
Whereas the SEC continues to extend ETF purposes, contemporary ETF purposes are also coming in.
At this point, the final application came from ETF issuer Canary Capital.
Accordingly, Canary Capital has filed a station ETF application for staked Cronos (CRO) with the SEC.
The ETF being applied for aims to accomplish teach exposure to the worth of CRO, the native cryptocurrency of the Cronos blockchain and linked with the Crypto.com ecosystem.
In step with the filing, Crypto.com may per chance per chance support as the custodian and liquidity provider for the fund.
The fund intends to stake a share of its property thru one or more staking companies, doubtlessly providing additional returns for traders.
Eric Anziani, COO of Crypto.com, mentioned:
“ETFs had been an effective instrument to develop investor participation in crypto and additional integrate digital and veteran finance capabilities. We’re smitten by this crucial step in direction of all traders in the U.S. having the various to have interaction with CRO thru an ETF with Canary Capital.”
This ETF filing follows Canary Capital and Crypto.com’s no longer too prolonged ago announced partnership to assign the Canary CRO Belief, CRO’s first devoted investment automobile for U.S. authorised traders.
*Right here’s no longer investment suggestion.
