Crypto.com Teams Up with Canary Capital to Unveil the Cronos Trust! Is This the Next Big Thing?

by

Ah, Crypto.com, the brave knights of the crypto world, have teamed up with the esteemed Canary Capital Group. Together, they’ve concocted the Canary CRO Trust, the very first U.S.-based investment product that allows exposure to Cronos, or as the cool kids call it, CRO. A true delight for investors, isn’t it? 🌟

Based in the sunny land of Singapore, Crypto.com has waved its magic wand and partnered with Canary Capital to launch the grand Canary CRO Trust. This masterpiece marks the dawn of a new era, offering U.S. investors the chance to dabble in the ever-so-exciting world of Cronos (CRO) with all the regulation and security one could dream of. What a time to be alive, right? 😎

But wait, there’s more! This is just the latest plot twist in Crypto.com’s ongoing saga. Fresh off their collaboration with Trump Media & Technology Group (yes, you read that right) to bring forth a collection of digital asset-focused ETFs under the “Truth” brand, they’ve decided to dive even deeper. These ETFs, featuring a magical blend of Bitcoin (BTC) and CRO, aim to mix modern crypto with the good ol’ “Made in America” vibe. But don’t hold your breath just yet; they’re still awaiting regulatory approval, of course. Oh, the suspense! ⏳

And if you think that’s where the fun ends, think again. Crypto.com also found time to join forces with 21Shares, unveiling an ETP that lets investors tap into the Cronos blockchain and CRO token. This product, available on Euronext Paris and Amsterdam, allows investors to flirt with CRO without the hassle of managing digital assets directly. Ah, convenience at its finest! 💼

Meanwhile, back in the land of CRO, things are a bit…meh. The token has dropped 6% in the past 24 hours, trading at a modest $0.093. But hey, volume has spiked by over 50%, which is the market equivalent of a little spark before a big fire. Following the announcement of the Trump Media & Technology Group ETF in March, CRO’s price jumped by 30% and its volume exploded by 6X. Looks like we’re in for another thrilling ride! 🚀

On the technical front, CRO seems to be eyeing $0.108 as its next target—based on the closing highs from late March. But hold on, folks! The RSI is at a humble 47, which signals weak momentum. However, should the volume continue to rise, we could see a glorious breakout toward $0.116—reminiscent of the price surge after the TMTG ETF announcement on March 25. The stage is set for a dramatic move, my friends. 🎭

Read More

2025-05-19 16:35