CRO price posts 20% single-day rally on inclusion in Trump Media-backed ETF, eyes $0.105
2025-07-09 07:43:16
Main Idea
CRO price surged over 20% after news of its inclusion in a proposed Trump Media-backed Blue Chip ETF, which includes a 5% allocation for CRO.
Key Points
1. Cronos (CRO) surged over 20% on Tuesday following news of its inclusion in a proposed Trump Media-backed Blue Chip ETF.
2. The ETF filing includes CRO alongside Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP), with CRO receiving a 5% allocation, more than Ripple's 2%.
3. If approved, the ETF will be listed on NYSE Arca, with assets custodied by Foris DAX Trust.
4. CRO price reached an intraday high of $0.10, breaking through key moving averages and testing previous resistance levels.
5. The rally follows a controversial decision by Cronos to reissue 70 billion previously burned CRO tokens, which had raised centralization concerns.
Description
CRO price staged a powerful rally Tuesday, climbing over 20% after news broke of its inclusion in a proposed Trump Media-backed Blue Chip ETF, sparking renewed bullish momentum for the embattled token. Cronos ( CRO ) surged over 20% on Tuesday after Trump Media and Technology Group filed with the U.S. Securities and Exchange Commission to launch a Blue Chip ETF that includes CRO alongside Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ), and Ripple ( XRP ). Notably, Cronos received a 5% allocat...
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