Canary Capital Seeks SEC Approval For Staked CRO ETF Offering Passive Crypto Exposure

Canary Capital Group LLC is looking to introduce a new level of accessibility and framework to crypto investing by means of a recently submitted S-1 registration statement to the U.S. Securities and Exchange Commission. The resulting product, the Canary Staked CRO ETF, seeks to give investors access to the native token of Crypto.com, Cronos (CRYPTO: CRO), without having to directly hold or oversee the digital asset.

The ETF is constructed to replicate the market price of CRO, minus fund expenses, and adds a second stream of income-generating activity through staking some of its assets on the Cronos proof-of-stake blockchain. The staking process, usual in blockchain networks rewarding validators for …

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