CRO saw approximately a 20% price increase over the last 24 hours or so
It was reported that Trump Media’s Truth Social is planning a ‘Crypto Blue Chip’ ETF that includes CRO alongside BTC, ETH, SOL, and XRP
‘Crypto Blue Chip’ allocation will consist of around 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP
Cronos (CRO) saw approximately a 20% price increase over the last 24 hours or so, and the likely culprit is the ETF hype. To be more precise, it was reported that Trump Media’s Truth Social is planning a ‘Crypto Blue Chip’ ETF that includes CRO alongside BTC, ETH, SOL, and XRP.
The social media platform has already submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC).
According to the preliminary prospectus, the initial value-based allocation of the ‘Crypto Blue Chip’ will be around 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP.
This isn’t the only time CRO has had the spotlight when it comes to ETFs. In late May, Canary Capital submitted an S‑1 to the SEC for a spot CRO ETF, which is a US-backed fund aimed at tracking the Cronos token directly. Crypto.com will act as the custodian and liqui…
The post CRO’s Price Surge: Is ETF Hype Fueling the Fire? appeared first on Coin Edition.
