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Cryptocurrency News Articles

Crypto Exchange Crypto.com Plans Cronos (CRO) Spot ETF Launch in 2025

Feb 05, 2025 at 02:51 pm

The company has already begun expanding its platform's offerings in the first quarter of the year.

Crypto Exchange Crypto.com Plans Cronos (CRO) Spot ETF Launch in 2025

Cryptocurrency exchange Crypto.com is set to launch a Cronos (CRO) spot exchange-traded fund (ETF) in 2025.

The company has already begun expanding its platform’s offerings in the first quarter of the year.

Cronos Spot ETF in 2025?

As per Crypto.com’s released roadmap, the ETF submission is slated for the fourth quarter of 2025. However, specific details regarding the proposed ETF are yet to be announced.

The push for a Cronos ETF comes amid surging institutional interest in crypto investment products. Following the success of Bitcoin ETFs, a wave of new filings has emerged, with institutions seeking to capitalize on the growing momentum.

“So far, so good: Spot bitcoin ETFs pulled in $4.94 billion in January, which annualizes to ~ $59 billion. For context: In all of 2024, they brought in $35.2 billion,” Matt Hougan, CIO of Bitwise, shared on X (formerly Twitter).

Moreover, filings for altcoin ETFs have also increased significantly, thanks to a more favorable regulatory environment under President Donald Trump’s administration and Gary Gensler’s departure from the SEC.

Interestingly, issuers have also submitted proposals for meme coin ETFs, with filings from Rex Shares, Tuttle Capital, and Bitwise, among others.

In the lead-up to the filing, Crypto.com plans to introduce a range of new services, including stock trading, stock options, and ETFs, beginning in the first quarter.

Additionally, the company will roll out new banking features, such as personal multicurrency accounts and cash savings accounts, further expanding its financial services ecosystem. The exchange also aims to launch a new stablecoin by the third quarter.

Crypto.com has already implemented five of the six planned products from its Q1 roadmap, including the early launch of institutional custody services.

On January 27, Crypto.com's Malta subsidiary obtained a Markets in Crypto-Assets Regulation (MiCA) license from the Malta Financial Services Authority (MFSA).

According to the announcement, this made Crypto.com the first major global crypto service provider to secure the full MiCA license. It followed the company’s earlier in-principle approval for its MiCA license.

“Securing a MiCA licence has been a major priority for us in recent years, and receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally,” said Crypto.com’s President Eric Anziani.

This regulatory achievement aligns with Crypto.com's broader expansion strategy. However, despite these developments, the price of CRO has been on a sustained downtrend since early December.

Over the past month, the token has declined by 35.7%, wiping out a substantial portion of its previous gains.

At press time, CRO was trading at $0.10, indicating a 3.6% decrease in the past 24 hours. The sustained downward momentum suggested continued selling pressure in the market.

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