Cronos ETF Incoming? Crypto.com Sets 2025 Target
The post Cronos ETF Incoming? Crypto.com Sets 2025 Target appeared on BitcoinEthereumNews.com.
Cryptocurrency exchange Crypto.com is gearing up to launch a Cronos (CRO) spot exchange-traded fund (ETF) in 2025. The company has already begun expanding its platform’s offerings in the first quarter of the year. Cronos Spot ETF in 2025? According to Crypto.com’s released roadmap, the ETF submission is scheduled for the fourth quarter of 2025. Nonetheless, specific details about the proposed ETF have yet to be disclosed. The push for a Cronos ETF comes as institutional interest in crypto investment products soars. Following the success of Bitcoin ETFs, a wave of new filings has emerged, with institutions eager to capitalize on the growing momentum. “So far, so good: Spot bitcoin ETFs pulled in $4.94 billion in January, which annualizes to ~$59 billion. For context: In all of 2024, they brought in $35.2 billion,” Matt Hougan, CIO of Bitwise, posted on X (formerly Twitter). Additionally, with a more favorable regulatory environment under President Donald Trump’s administration and Gary Gensler’s exit from the SEC, filings for altcoin ETFs have increased significantly. Notably, issuers have also submitted proposals for meme coin ETFs. These include filings from Rex Shares, Tuttle Capital, and Bitwise. Meanwhile, in the lead-up to the filing, Crypto.com plans to introduce a range of new services, including stock trading, stock options, and ETFs, beginning in the first quarter. Additionally, the company is set to roll out new banking features, such as personal multicurrency accounts and cash savings accounts, further expanding its financial services ecosystem. The exchange also plans to release a new stablecoin by the third quarter. Crypto.com has already implemented five of the six planned products from its Q1 roadmap, including the early launch of institutional custody services. In fact, on January 27, Crypto.com’s Malta subsidiary received a Markets in Crypto-Assets Regulation (MiCA) license from the Malta Financial Services Authority (MFSA). …
Filed under: News - @ February 5, 2025 7:20 am