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Crypto.com is making significant strides to establish a Cronos (CRO) spot ETF by the end of 2025, aiming to captivate institutional investors.
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The exchange is broadening its portfolio with innovations like stock trading and multicurrency accounts, slated for launch by the third quarter of this year.
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Despite these ambitious plans, CRO’s market performance has fallen sharply, with a 35.7% decline observed in the last month.
Crypto.com aims to file for a Cronos ETF by late 2025, expanding its offerings while currently facing challenges with declining CRO prices.
Cronos Spot ETF in 2025?
According to the recently unveiled roadmap from Crypto.com, the anticipated submission for the Cronos spot ETF is scheduled for the fourth quarter of 2025. However, comprehensive details surrounding this innovative financial product remain undisclosed.
The movement towards launching a Cronos ETF is driven by a notable uptick in institutional interest towards cryptocurrency investment products. Following the remarkable success of Bitcoin ETFs, the industry has experienced a surge of new applications, reflecting a heightened excitement among institutional players eager to leverage this growing market trend.
“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,” noted Matt Hougan, Chief Investment Officer of Bitwise, in a post on X (formerly Twitter).
Moreover, with the regulatory landscape becoming increasingly favorable under the recent administration, coupled with changes at the SEC, there has been a notable increase in applications for altcoin ETFs.
Notably, various institutions have also initiated filings for ETFs centered around meme coins, demonstrating a diverse range of interests in cryptocurrency investment. Companies like Rex Shares, Tuttle Capital, and Bitwise have positioned themselves to capture this segment of the market.
As part of its strategy ahead of the ETF filing, Crypto.com will launch a host of new services, including stock trading, options, and ETFs as early as the first quarter. Furthermore, the platform is set to introduce personal multicurrency accounts and cash savings accounts, reinforcing its commitment to a holistic financial service ecosystem. The company is also gearing up to debut a new stablecoin by the third quarter of this year.
Crypto.com has already accomplished several goals outlined in its first quarter roadmap, including the successful launch of institutional custody services. On January 27, the Malta subsidiary of Crypto.com received a Markets in Crypto-Assets Regulation (MiCA) license from the Malta Financial Services Authority (MFSA).
This licensing marks Crypto.com as the first significant global crypto service provider to secure full compliance under MiCA regulations, following its previous approval in principle for the 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,” stated Eric Anziani, President of Crypto.com.
This regulatory milestone is increasingly important as it aligns perfectly with Crypto.com’s larger expansion strategy. Despite these advancements, the price of CRO has faced significant pressure, entering a persistent downtrend that started in early December.
CRO Price Performance. Source: COINOTAG
In the past month, CRO has plummeted by 35.7%, erasing a substantial portion of its value. As of the latest available data, CRO is trading at approximately $0.10—a 3.6% decrease in the last 24 hours. This ongoing decline highlights a concerning trend of persistent selling pressure within the market.
Conclusion
As Crypto.com gears up for its planned Cronos ETF, the exchange’s expansion into diversified financial offerings represents notable progress. However, the challenging price performance of CRO underscores the volatility endemic to the cryptocurrency market. Investors await the next steps from Crypto.com, especially as it aims to navigate regulatory landscapes while enhancing its platform features.
