- Top exchange Crypto.com plans to launch CRO ETF later this year.
- The CRO ETF may fuel increased adoption of the underlying coin, boosting its price appeal.
Singapore-based crypto exchange firm Crypto.com recently revealed plans to launch a Cronos (CRO) Exchange-Traded Fund (ETF) in 2025. The push for a Cronos ETF comes amid rising institutional interests in digital asset investment.
Crypto.com Schedules CRO ETF for Q4, 2025
Crypto.com plans to introduce the CRO ETF in the fourth quarter of 2025, as revealed in its recently released roadmap. However, specific details about the proposed ETF, such as pricing, sponsors, exchange listing, and fees, are still under wraps.
In the meantime, Crypto.com said it would introduce a range of other services in the first quarter of 2025. These services include stock options, stock trading, ETFs, and others. The platform plans to release new banking features like personal multicurrency and cash savings accounts, further expanding its financial services ecosystem. The exchange also targets releasing a new stablecoin by the third quarter.
At the moment, Crypto.com has implemented five of the six products outlined in its Q1 roadmap. This includes the early launch of institutional custody services and securing regulatory approvals in Europe. As we covered in our latest report, Crypto.com secured an in-principle approval under the European Union’s Markets in Crypto Assets (MiCA) framework.
Shortly after this approval, Crypto.com’s subsidiary received a MiCA license from the Malta Financial Services Authority (MFSA). As a result, Crypto.com became the first primary global crypto service provider to secure the full MiCA license. This regulatory achievement is consistent with Crypto.com’s broader expansion plan.
Meanwhile, Crypto.com’s CRO ETF proposal follows a wave of new related filings. Several institutions are eager to capitalize on Bitcoin ETFs’ growing momentum and success, which launched last year. In a recent study, CNF reported that 21Shares has filed an S-1 registration for its Polkadot ETF with the SEC. This application marks its second ETF-related move this week.
Taking a similar move, Grayscale Investments submitted applications to the SEC to convert its XRP Trust to an Exchange-Traded Product (ETP).
Will Crypto.com’s ETF Proposal Boost CRO?
Crypto.com’s latest ETF proposal appears not to have impacted the CRO token positively. CRO has sustained a downtrend since early December. In the past month, the price of CRO plummeted by over 34%.
As of this writing, CRO traded at $0.1047, following a 3.6% price drop in the last 24 hours. The persistent downward momentum suggested that the market is still under sustained selling pressure.
Nonetheless, the eventual launch of a CRO ETF could cause a turnaround for the token. The potential ETF launch can indirectly affect the price of CRO through increased adoption by institutional investors.
Typically, the launch of spot crypto ETFs elevates cryptocurrencies to a more legitimate asset class, boosting their attractiveness to investors.
