4 hours ago
Cronos (CRO), the autochthonal token of the Crypto.com blockchain, surged astir 18% to $0.095 Wednesday pursuing quality that it could beryllium included successful a caller exchange-traded money (ETF) backed by Trump Media & Technology Group.
The projected ETF, which is awaiting support from the U.S. Securities and Exchange Commission, would way a handbasket of 5 cryptocurrencies: bitcoin (BTC), ether (ETH), solana (SOL), XRP (XRP) and cronos (CRO). If approved, CRO would marque up 5% of the fund’s weighting—its smallest component, but inactive a notable summation for a token that’s seldom featured successful large organization products.
That quality sent CRO soaring from astir $0.08 Tuesday morning, outpacing the broader crypto market. The CoinDesk 20 Index, which tracks the apical integer assets, roseate conscionable 2.8% implicit the aforesaid period.
While the bump is significant, CRO remains a shadiness of its erstwhile self. The token peaked astatine $0.69 successful November 2021 during the past bull market. It saw a short-lived revival successful December 2024, rising to $0.21 amid a marketplace rally that followed Donald Trump’s predetermination to a 2nd term. That rally, however, faded fast.
The ETF improvement has brought caller attraction to CRO, a token that powers Crypto.com’s ecosystem including its speech and payments app. Still, the token has a agelong ascent to scope its erstwhile highs. Traders look to beryllium reacting to the anticipation of accrued organization exposure, but the SEC has yet to o.k. the fund.
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