Kronos (CRO)This is the local token for the Crypto.com blockchain, which soared nearly 18% to $0.095 on Wednesday (ETF) Supported by Trump Media & Technology Group.
The proposed ETF is awaiting SEC approval to track a basket of five cryptocurrencies: Bitcoin
,ether (ETH)Solana (Sol)XRP (XRP) and cronos (CRO). If approved, the CRO will account for 5% of the fund’s weighted-the smallest component, but it is worth noting for tokens that rarely appear in major institutional products.
The news sent Cros’ soaring from $0.08 on Tuesday morning, surpassing the wider cryptocurrency market. The Coindesk 20 index, which tracks top digital assets, grew only 2.8% during the same period.
While bumps are important, Cro is still a shadow of its former self. In the last bull market, the token reached $0.69 in November 2021. In December 2024, it rose to $0.21 in a brief revival in December 2024, in a market rally following Donald Trump’s election as a second term. However, the rally disappeared quickly.
ETF development has attracted new attention to CRO, a token that powers Crypto.com’s ecosystem, including its exchange and payment applications. Still, the token has a long climb to reach its previous highs. Traders appear to be responding to the possibility of increasing institutional risks, but the SEC has not approved the fund yet.
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