Crypto.com's 2025 Cronos ETF Ambition Amid CRO Token Challenges

Generado por agente de IACoin World
miércoles, 5 de febrero de 2025, 4:07 am ET1 min de lectura
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Crypto.com Eyes 2025 Cronos ETF Filing Amid Ongoing Challenges for CRO Token

Crypto.com is planning to launch a Cronos (CRO) spot exchange-traded fund (ETF) by the end of 2025, aiming to attract institutional investors. The exchange is also expanding its offerings to include stock trading, stock options, and ETFs, with plans to introduce personal multicurrency accounts and cash savings accounts, and a new stablecoin by the third quarter of this year.

Crypto.com's roadmap indicates that the ETF submission is scheduled for the fourth quarter of 2025, but specific details about the proposed ETF have yet to be disclosed. The push for a Cronos ETF comes as institutional interest in crypto investment products soars, with Bitcoin ETFs pulling in $4.94 billion in January, which annualizes to ~$59 billion. Additionally, with a more favorable regulatory environment under the recent administration and Gary Gensler's exit from the SEC, filings for altcoin ETFs have increased significantly.

Crypto.com has already implemented five of the six planned products from its Q1 roadmap, including the early launch of institutional custody services. On January 27, Crypto.com's Malta subsidiary received a Markets in Crypto-Assets Regulation (MiCA) license from the Malta Financial Services Authority (MFSA), making it the first major global crypto service provider to secure the full MiCA license. Despite these developments, the price of CRO has been in a sustained downtrend since early December, with the token declining by 35.7% over the past month and trading at approximately $0.10 as of the latest available data.

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