Cronos Jumps 18% After Trump Media ETF Proposal Lists Token Among Holdings
2025-07-09 16:51:41
Main Idea
Cronos (CRO) token surged 18% after a proposed Trump Media ETF included it among its holdings, though it remains below its all-time high.
Key Points
1. Cronos (CRO) surged nearly 18% to $0.095 following news of its potential inclusion in a Trump Media-backed ETF.
2. The proposed ETF would allocate 5% of its weight to CRO, alongside bitcoin, ether, solana, and XRP, pending SEC approval.
3. CRO's price increase significantly outpaced the broader crypto market, which saw a 2.8% rise in the same period.
4. Despite the surge, CRO remains well below its all-time high of $0.69 reached in November 2021.
5. The ETF development has brought renewed attention to CRO, though the SEC has yet to approve the fund.
Description
Cronos (CRO), the native token of the Crypto.com blockchain, surged nearly 18% to $0.095 Wednesday following news that it could be included in a new exchange-traded fund (ETF) backed by Trump Media & Technology Group. The proposed ETF, which is awaiting approval from the U.S. Securities and Exchange Commission, would track a basket of five cryptocurrencies: bitcoin (BTC), ether (ETH), solana (SOL), XRP (XRP) and cronos (CRO). If approved, CRO would make up 5% of the fund’s weighting—its smallest...
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