Crypto.com's 2025 Cronos ETF Aim: Institutional Demand

Crypto.com Eyes 2025 Cronos ETF Amid Growing Institutional Demand

Crypto.com, a leading cryptocurrency exchange, is planning to launch a Cronos (CRO) spot ETF by the end of 2025, aiming to attract institutional investors. The exchange is expanding its offerings, with plans to introduce stock trading and multicurrency accounts by the third quarter of this year. Additionally, Crypto.com is set to launch a stablecoin and personal multicurrency accounts, further solidifying its commitment to a holistic financial service ecosystem.

Despite these ambitious plans, the price of CRO has faced significant challenges, with a 35.7% decline observed in the last month. As of the latest available data, CRO is trading at approximately $0.10, a 3.6% decrease in the last 24 hours. This ongoing decline highlights a concerning trend of persistent selling pressure within the market.

The movement towards launching a Cronos ETF is driven by a notable uptick in institutional interest towards cryptocurrency investment products. Following the remarkable success of Bitcoin ETFs, the industry has experienced a surge of new applications, reflecting a heightened excitement among institutional players eager to leverage this growing market trend.

Moreover, with the regulatory landscape becoming increasingly favorable under the recent administration, coupled with changes at the SEC, there has been a notable increase in applications for altcoin ETFs. Notably, various institutions have also initiated filings for ETFs centered around meme coins, demonstrating a diverse range of interests in cryptocurrency investment.

Crypto.com has already accomplished several goals outlined in its first quarter roadmap, including the successful launch of institutional custody services. On January 27, the Malta subsidiary of Crypto.com received a Markets in Crypto-Assets Regulation (MiCA) license from the Malta Financial Services Authority (MFSA). This licensing marks Crypto.com as the first significant global crypto service provider to secure full compliance under MiCA regulations, following its previous approval in principle for the license.

“Securing a MiCA licence has been a major priority for us in recent years, and receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally,” stated Eric Anziani, President of Crypto.com.

This regulatory milestone is increasingly important as it aligns perfectly with Crypto.com’s larger expansion strategy