Cronos Breaks Market Trend After Canary Capital’s Surprise ETF Filing

Cronos (CRO) surged over 8% on Friday, defying a broader crypto market dip, after asset manager Canary Capital filed with the SEC to launch a CRO-based ETF.

This proposed fund would offer exposure to CRO—the native token of Crypto.com’s Cronos blockchain—and stake part of its holdings to earn rewards. The filing is part of Canary’s broader ETF push, which also includes products tied to Solana, XRP, Litecoin, and others. While most cryptocurrencies fell, CRO’s rally highlights growing investor interest following the SEC’s earlier approvals of Bitcoin and Ethereum spot ETFs.

Clever Robot News Desk 2^nd June 2025