Key Takeaways
- Canary Capital filed with the SEC to launch a Staked CRO ETF.
- The proposed fund aims to provide investors with direct exposure to Cronos (CRO), the native token of the Cronos blockchain ecosystem.
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Asset manager Canary Capital has filed a Form S-1 registration statement with the SEC to launch the Canary Staked CRO ETF, a new investment product designed to track the spot price of Cronos (CRO) while earning additional CRO through staking.
The official SEC filing follows Canary Capital’s registration of a trust entity in Delaware earlier this month, a step that typically signals an imminent formal submission to the SEC.
CRO held by the Trust will be custodied by Foris DAX Trust Company, doing business as Crypto.com Custody Trust Company, while all staking activities will be performed through validated infrastructure providers, as noted in the filing. Any staked CRO will be subject to a 28-day mandatory unbonding period during which it cannot be transferred or withdrawn.
The firm will charge an annual unified fee, though the percentage remains undisclosed. The fund’s ticker symbol is also currently unavailable.
“ETFs have been an effective means for broadening investor participation in crypto and further integrating digital and traditional finance capabilities,” said Eric Anziani, President and COO of Crypto.com, in a Friday statement. “We are tremendously excited to see this important step being taken in building towards all investors in the U.S. having the opportunity to engage with CRO through an ETF with Canary Capital.”
This is a developing story.
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