Canary Capital filed an S-1 with the SEC for a groundbreaking Cronos staking ETF on May 30, 2025, marking a major milestone in U.S. crypto investment offerings.
This filing introduces U.S. investors to a unique dual-income opportunity through price exposure and staking rewards, reflecting evolving regulator attitudes towards crypto ETFs.
Canary Capital’s First Cronos ETF in U.S. Filing
The S-1 registration by Canary Capital signifies the first ETF offering direct exposure to Cronos (CRO) and incorporates staking, a major step in crypto investment products. This initiative builds on previous collaborations with Crypto.com.
Canary Capital partnered with Crypto.com, using Foris DAX Trust as custodian, to capitalize on the Cronos ecosystem’s potential. They also launched the Canary CRO Trust, further solidifying their established relationship.
Dual-Income Opportunity through ETF and Staking
This ETF allows investors to benefit from both CRO price fluctuations and staking rewards, potentially increasing crypto adoption. It showcases the evolving crypto investment landscape as institutions warm to such assets.
The ETF aligns with Crypto.com’s strategy to mainstream crypto, leveraging the Cronos blockchain’s proof-of-stake model for added value. Market response anticipates increased interest given the regulatory shift towards crypto staking acceptance. Eric Anziani, President and Chief Operating Officer, Crypto.com, stated, “Creating regulated funds is part of Crypto.com’s strategy for further mainstreaming crypto.”
Growing Acceptance of Crypto ETFs in the U.S.
Previous crypto ETFs faced regulatory hurdles, and recent approvals suggest growing acceptance. 21Shares launched a Cronos ETP outside the US, setting a precedent for broader market access.
Experts indicate that this move by Canary Capital and Crypto.com could pave the way for similar innovative financial products, signaling increased regulatory leniency. The ETF is seen as a positive step for crypto’s inclusion in mainstream finance.
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