The post Canary Capital Files for First U.S. Spot CRO ETF with Crypto.com as Custodian appeared on BitcoinEthereumNews.com.

Market News The goal of the proposed publicly traded fund is to provide American investors direct exposure to the price of CRO. This milestone comes after the announcement of Canary Capital and Crypto.com’s collaboration to create the Canary CRO Trust. The U.S. Securities and Exchange Commission (“SEC”) has been submitted an S-1 registration statement from Canary Capital Group LLC (“Canary Capital”), an investment firm that specializes in digital assets, for the first spot CRO ETF in the United States. The goal of the proposed publicly traded fund is to provide American investors direct exposure to the price of CRO, the Cronos network’s native token. The fund’s custodian and liquidity provider will be Crypto.com. Eric Anziani, President and COO of Crypto.com stated: “ETFs have been an effective means for broadening investor participation in crypto and further integrating digital and traditional finance capabilities. We are tremendously excited to see this important step being taken in building towards all investors in the U.S. having the opportunity to engage with CRO through an ETF with Canary Capital.” This milestone comes after the announcement of Canary Capital and Crypto.com’s collaboration to create the Canary CRO Trust, the first CRO private investment vehicle for authorized U.S. investors. Important Information: This press release does not constitute an offer to sell or a solicitation of an offer to buy any shares of beneficial interest of the fund, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state of jurisdiction. A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy…

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Filed under: News - @ June 1, 2025 6:22 am