The native token of Crypto.com – Cronos (CRO) has recorded an impressive double-digit increase, immediately after Trump Media and Technology Group (DJT) submitted a filing to the U.S. Securities and Exchange Commission (SEC) to launch the Blue Chip ETF. This fund is expected to include Cronos in its portfolio alongside top names such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.
CRO surged after Trump Media Group filed for the ETF and partnered with the Dubai Land Department
On Tuesday, Trump Media Group officially submitted an S-1 registration with the U.S. Securities and Exchange Commission (SEC), aiming to launch an ETF fund named Blue Chip, focusing on the top five digital assets: Bitcoin, Ethereum, Solana, Cronos, and XRP. According to the plan, the investment portfolio will be allocated as follows: 70% for Bitcoin, 15% for Ethereum, 8% for Solana, 5% for Cronos, and 2% for XRP.
This ETF fund will be sponsored by Yorkville America Digital, while Foris DAX Trust Company – a subsidiary of Crypto.com – will take on the role of custodian for the fund's cryptocurrency assets.
Previously, Trump Media Group drew attention by announcing a strategic partnership with Crypto.com earlier this year, aiming to jointly develop a series of ETFs focusing on cryptocurrencies originating from the U.S.
In parallel, on Sunday, the Dubai Land Department (DLD) signed a Memorandum of Cooperation with Crypto.com, opening up the possibility of building a real estate tokenization system based on blockchain technology.
Not stopping there, on Monday, Crypto.com continued to announce a new advancement: The TON Foundation has officially become a client of the Crypto.com Custody platform – allowing this entity to provide security and storage solutions for the TON blockchain.
CRO increased by 20% but faced resistance at the $0.10 mark
In the past 24 hours, the CRO token has surged over 20% thanks to a series of positive signals from the market. However, the rapid increase quickly stalled as the price hit the important psychological resistance area at $0.10 – coinciding with the 200-day simple moving average (SMA), thereby triggering strong profit-taking pressure.
If it can break through and hold above this threshold, CRO is likely to continue its upward momentum, with the next target being the resistance area around $0.11.
Conversely, in the event of a correction, Crypto.com's native token may find support in the range of $0.089 to $0.094.
Currently, technical indicators such as RSI and Stochastic Oscillator are both above the neutral threshold, reflecting that the bullish trend is still dominant in the market.