Crypto.com and Canary Capital Group have launched the Canary CRO Trust, a first-of-its-kind U.S. investment product providing regulated exposure to the Cronos token.
Singapore-based Crypto.com has teamed up with Canary Capital Group to introduce the Canary CRO Trust, the first U.S. investment product offering regulated exposure to the Cronos (CRO) token. This trust enables qualified American investors to securely hold CRO within a regulated framework.
This partnership follows Crypto.com’s recent collaboration with Trump Media & Technology Group to launch digital asset-focused ETFs under the “Truth” brand. These ETFs aim to blend cryptocurrencies like Bitcoin (BTC) and CRO with traditional U.S.-based securities and are expected to launch later this year, pending regulatory approval.
Additionally, Crypto.com has partnered with 21Shares to offer an exchange-traded product (ETP) providing regulated access to the Cronos blockchain and CRO token. The ETP, listed on Euronext Paris and Amsterdam under the ticker CRON, allows investors to gain exposure to CRO without directly managing digital assets.
Despite the recent announcement, CRO investors have yet to fully react, with the token down 6% over the past 24 hours, currently trading at $0.093. However, trading volume has surged by more than 50%, signaling growing market interest. After the Trump Media & Technology Group ETF news in March, CRO’s price jumped 30% alongside a sixfold increase in volume, suggesting that the Canary CRO Trust announcement could trigger another significant price movement as awareness spreads.
Technically, CRO is eyeing $0.108 as the next resistance level, based on closing highs from late March. The current RSI at 47 suggests momentum remains weak. However, if trading volume continues to rise, a breakout toward $0.116 the intraday high seen during the price spike after the TMTG ETF announcement on March 25 could be on the horizon.
