Cronos (CRO)The native token of the Crypto.com block chain increased almost 18% to $ 0.095 on Wednesday after the news that it could be included in a new bottom quoted in the stock market (ETF) Backed by Trump Media & Technology Group.
The proposed ETF, which awaits the approval of the United States Stock Exchange and Securities Commission, would track a five cryptocurrency basket: Bitcoin
ether (Eth)solarium (SUN)XRP (XRP) and Cronos (CRO). If approved, Cro would represent 5% of the weight weighting, its smallest component, but even a remarkable addition to a file that rarely appears in the main institutional products.
That news sent Cro to fly from around $ 0.08 on Tuesday morning, exceeding the broader cryptographic market. The Cindeesk 20 index, which tracks the main digital assets, increased only 2.8% during the same period.
While the blow is significant, Cro remains a shadow of his former self. The Token reached its maximum point at $ 0.69 in November 2021 during the last upward market. He saw a short -term rebirth in December 2024, increasing to $ 0.21 in the midst of a market demonstration that followed the choice of Donald Trump to a second mandate. That rally, however, faded quickly.
The development of the ETF has brought new attention to CRO, a token that feeds the Crypto.com ecosystem, including its exchange and payments application. Even so, Token has a long climb to reach its first maximums. Merchants seem to be reacting to the possibility of greater institutional exposure, but the SEC has not yet approved the fund.
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