Cronos (CRO)Crypto.com’s native token of Blockchain, has advanced almost 18% to $ 0.095 Wednesday following news that it can be included in a new funds exchanged by the exchange (ETF) Backed by the Trump Media & Technology Group.
The proposed ETF, which awaits approved from the US Securities and Exchange Commission, will monitor a basket of five cryptocurrencies: Bitcoin
Ether (Et)Solana (Sol)XRP (XRP) and Cronos (CRO). If approved, the CRO will produce 5% of the weight of the fund – its smallest ingredient, but still a well -known addition for a token that is rarely featured in major institutional products.
That news sent CRO climbing from nearly $ 0.08 Tuesday morning, which exceeds the broader crypto market. The CoinDesk 20 index, which monitors the leading digital assets, rose only 2.8% at the same time.
While the bump is significant, CRO remains the shadow of its former self. The token faded at $ 0.69 in November 2021 in the last bull market. It saw a short resurrection life in December 2024, rising to $ 0.21 in the middle of a market rally that followed Donald Trump’s election in the second term. That rally, however, faded quickly.
ETF development brought new attention to CRO, a token that empowers the Crypto.com ecosystem including the Exchange and Payment App. However, the token has a long climb to reach the old ones. Entrepreneurs appear to respond to the possibility of increasing institutional exposure, but the SEC has not yet approved the fund.
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