Canary Capital Group LLC has filed with the U.S. Securities and Exchange Commission to launch the first staked spot CRO ETF, marking a significant milestone for Crypto.com’s native token. The proposed fund would enable investors to gain exposure to Cronos (CRO) through traditional brokerage accounts while earning staking rewards, according to regulatory documents reviewed by The Block.
The Canary Staked CRO ETF aims to track CRO’s market price through assets held in cold storage by Crypto.com Custody Trust Company, with a portion staked on-chain to generate additional yields. This structure eliminates the need for investors to manage private keys or navigate cryptocurrency exchanges directly.
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Cronos (CRO) Ecosystem Expansion
The ETF filing comes as Cronos continues expanding its Web3 infrastructure capabilities:
- Daily net asset value calculations using multi-exchange pricing data
- Offline storage with $250M insurance coverage against theft
- No use of leverage or derivatives in fund operations
- Automatic compounding of staking rewards
Crypto.com President Eric Anziani noted the ETF could bridge traditional finance with decentralized applications, telling investors: “This product demonstrates how regulated vehicles can coexist with blockchain-native yield mechanisms.”
Crypto.com’s Regulatory Strategy
The Singapore-based exchange has pursued multiple regulated entry points for CRO exposure:
| Product | Market | Launch Date |
|---|---|---|
| Canary CRO Trust | U.S. Accredited Investors | Q4 2024 |
| 21Shares CRO ETP | Euronext Paris/Amsterdam | March 2025 |
| Staked ETF Proposal | U.S. Retail Investors | Pending SEC Approval |
These efforts align with CEO Kris Marszalek’s vision of making CRO accessible through multiple investment vehicles while maintaining regulatory compliance.
Canary Capital’s Digital Asset Push
The New York-based firm has emerged as a leader in cryptocurrency investment products:
- $1.2B AUM across digital asset funds
- First SEC-registered Bitcoin futures ETF (2023)
- Partnerships with 3 major crypto exchanges
Canary’s filing follows BlackRock’s successful Ethereum ETF launch, suggesting growing institutional interest in staking-enabled products. SEC Chair Gary Gensler has yet to comment on how the commission will evaluate crypto staking components in ETFs.
Market analysts predict the ETF could attract $400M in first-year inflows if approved, potentially making CRO a top-15 cryptocurrency by market capitalization. The proposal’s success may hinge on the SEC’s interpretation of CRO’s regulatory status and staking mechanics.
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- ETF
- Exchange-Traded Fund – A regulated investment vehicle tracking assets while trading on stock exchanges.
- Staking
- Process of locking crypto assets to support blockchain operations and earn rewards.
- Proof-of-Stake
- Consensus mechanism using locked tokens to validate transactions and secure networks.
- Custodian
- Regulated entity responsible for safeguarding financial assets on behalf of investors.
- Net Asset Value (NAV)
- Per-share value calculated from a fund’s total assets minus liabilities.
