Cripto.com, Kanarian launched Cro Fund in the USA

Crypto.com and property manager Canary capital drives the American investment fund that is designed to provide exposure to the birth token Cronos Blocchain, CRO, CRYPTOCURRENCI in the statement.

Canary Cro Trust will keep Cronos (Insert) Token in regulated writings of the Fund, Cripto.com saidAdding that trust is not stock exchange fund (ETF) and is only available to accredited investors.

The creation of regulated funds such as CRO Trust is part of the CRIPTO.com plan for “further integration of crypto” Eric Anziani, President and the main officer of Cripto.com, said in the statement.

In March, Crypto Exchange partnered with Trump Media & Technology Group, associated with US President Donald Trump, to launch Trump branded ETFs, including a Holding Cro.

Trump Media ETFs continue to be approved by the US Secure and Exchange Commission (SEC), which has not yet authorized any CRO ETFS for US trading, Cripto.com said.

Related: 21Shares Launches ETP for Cripto.com’s Cronos Token

Cronos ecosystem

Cronos is a blockain network layer-1 connected to CRIPTO.com. The chain is designed to integrate with Eths and Cosmos ecosystems and supports decentralized finance applications (definitized), non-fungal tokens (NFTS) and other web applications Web3.

The chain has the total value for locking values ​​(TVL) of almost 440 million dollars, according to data from defilas. Its most popular application is VVS funding, DEFs platform to interfere with tokens and agriculture.

CRO Token has market capitalization approximately $ 880 million from 19. May, toward to market data of cointelegraph.

AltCoin ETF login

Since Trump took office in January, he signaled more cryptological access for regulation, encouraging property managers to want to want List of approximately 70 new crypto ETFS.

In May, Vaneck property manager has submitted Specify ETF attached to another token related to exchangeMaster BNB BNB chain. The chain is connected to the binance, the world’s largest centralized exchange.

The same month, 21Shares started production product (ETP) in Europe CRIPTO.COM’S CRO Token exposure offer.

Journal: The rise of microstrategi clones, Asia dominates the CRIPTO adoption: review Asia Express 2024