Trump Media ETF Sparks a 20% Rally for the Cronos (CRO) Token
The post Trump Media ETF Sparks a 20% Rally for the Cronos (CRO) Token appeared on BitcoinEthereumNews.com.
CRO saw approximately a 20% price increase over the last 24 hours or so It was reported that Trump Media’s Truth Social is planning a ‘Crypto Blue Chip’ ETF that includes CRO alongside BTC, ETH, SOL, and XRP ‘Crypto Blue Chip’ allocation will consist of around 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP Cronos (CRO) saw approximately a 20% price increase over the last 24 hours or so, and the likely culprit is the ETF hype. To be more precise, it was reported that Trump Media’s Truth Social is planning a ‘Crypto Blue Chip’ ETF that includes CRO alongside BTC, ETH, SOL, and XRP. The social media platform has already submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC). According to the preliminary prospectus, the initial value-based allocation of the ‘Crypto Blue Chip’ will be around 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP. This isn’t the only time CRO has had the spotlight when it comes to ETFs. In late May, Canary Capital submitted an S‑1 to the SEC for a spot CRO ETF, which is a US-backed fund aimed at tracking the Cronos token directly. Crypto.com will act as the custodian and liquidity provider, legitimizing CRO among institutional investors. Speaking of Crypto.com, its ecosystem is closely associated with the Cronos blockchain and vice versa. Then, back in March, Trump Media and Crypto.com announced plans to launch a suite of ‘Made in America’ ETFs, including one for CRO. Similarly to the current price rally, that announcement led to a 30% to 40% surge in CRO’s price in late March. CRO is gaining traction With the above announcements, CRO joined a growing list of altcoins (such as SOL, DOGE, XRP, and so on) that are being proposed by fund managers…
Filed under: News - @ July 8, 2025 9:29 pm