Cronos (Cro)The native token of Crypto.com Blockchain rose nearly 18% to $ 0.095 Wednesday after news that it could be included in a new stock exchange stock (ETF) Supported by Trump Media & Technology Group.
The proposed ETF awaiting approval from the US Securities and Exchange Commission would track a basket with five cryptocurrencies: Bitcoin
ether (Eth)Solana (Sun)XRP (Xrp) and Cronos (Cro). If approved, CRO would make up 5% of the fund’s weighting – its the smallest component, but still a remarkable addition to a symbol that is rarely shown in larger institutional products.
This news sent Cro High from about $ 0.08 on Tuesday morning and surpassed the wider crypto market. The Coindesk 20 index, which tracks the top digital assets, rose only 2.8% over the same period.
While the shock is significant, Cro remains a shadow of his former self. The token peaked with $ 0.69 in November 2021 during the last bull market. It saw a brief resuscitation in December 2024 and rose to $ 0.21 in the middle of a market rally that followed Donald Trump’s election for another period. However, the rally faded quickly.
The ETF Development has brought new attention to CRO, a token that strengthens Crypto.com’s ecosystem including its Exchange and Payments app. Still, token has a long rise to reach its earlier heights. Dealers appear to be responding to the possibility of increased institutional exposure, but SEC has not yet approved the fund.
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