Canary Capital and Crypto.com have collaborated to create the first spot CRO ETF in the United States, aimed at providing American investors direct exposure to the price of CRO.
Canary Capital Group LLC has submitted an S-1 registration statement to the U.S. SEC for the proposed ETF, with Crypto.com serving as the fund's custodian and liquidity provider.
Eric Anziani, President and COO of Crypto.com, expressed excitement about the ETF initiative, emphasizing its role in broadening investor participation in crypto and bridging digital and traditional finance avenues.
This development follows the creation of the Canary CRO Trust, a private investment vehicle for authorized U.S. investors resulting from the collaboration between Canary Capital and Crypto.com.