Cronos defended a sector-wide Dostick on Friday after the Crypto Asset Manager Canary Capital had submitted for a CRO-based exhibition-related fund (ETF).
CRO is the native assets of the Cronos Layer-1 Blockchain, which was developed by the Exchange Crypto.com.
Canary an S-1 form submitted With the US Securities and Exchange Commission (SEC), proposing an ETF that would offer investors to CRO. If approved, the product would also use part of its CRO Holdings to earn rewards.
The new S-1 statement represents the newest in a spree of recent ETF reports for Canary, who also tries Solana (SOL), XRP, Sui (SII), Litecoin (LTC), Axelar (AXL), Hedera (Har) and Pudgy Penguins.
The SEC Greenlit The first spot market Bitcoin (BTC) ETFs in January 2024, which yields billions of dollars at the intake of the digital active of the market hairstyles. The supervisor then approved ETHEREUM (ETH) ETFs for the trade in July. Two financial companies, Franklin Templeton and Hashdex, also launched joint BTC ETFs earlier this year.
CRO acts at $ 0.102 at the time of writing and has risen by more than 8% for the past 24 hours. For comparison: the total crypto market hood was lower by more than 4% during the same period.
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Generated image: midjourney