Crypto.com has partnered with Canary Capital Group to launch the Canary CRO Trust, the first U.S.-based investment product offering regulated exposure to its native token Cronos.
Singapore-based crypto trading platform Crypto.com has partnered with Canary Capital Group to launch the Canary CRO Trust, marking the first investment product in the U.S. that provides exposure to the Cronos (CRO) token. This new trust allows qualified U.S. investors to hold CRO in a regulated and secure manner.
The partnership with Canary Capital comes on the heels of Crypto.com’s previous collaboration with Trump Media & Technology Group to introduce a series of digital asset-focused ETFs under the “Truth” brand. The ETFs, which aim to combine digital assets, including Bitcoin (BTC) and CRO, with traditional “Made in America” securities, are expected to debut later this year, pending regulatory approval.
The company also recently teamed up with 21Shares to offer an ETP that provides regulated exposure to the Cronos blockchain and the CRO token. Listed on Euronext Paris and Amsterdam under the ticker CRON, the ETP allows investors to gain exposure to CRO without the need to directly manage digital assets.
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Meanwhile, CRO investors have yet to fully price in the news, with the token down 6% over the past 24 hours,, currently trading at $0.093. However, trading volume has jumped by over 50%, indicating rising market interest. Following the Trump Media & Technology Group ETF announcement in March, CRO price surged by 30% alongside a 6X spike in volume, suggesting another explosive move could follow as the news of the Canary CRO Trust spreads.
Source: crypto.news
Technically, CRO price appears to be targeting $0.108 as the next resistance level, based on closing highs from late March. However, the RSI currently stands at just 47, indicating weak momentum. But if volume continues to build, a breakout toward $0.116 — the intraday high reached during the price surge following that TMTG ETF announcement on March 25 — may be brewing.
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