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CRO Token Soars 20% as Crypto.com Named Custodian for Truth Social’s Blue-Chip Crypto ETF

Source Tradingkey

TradingKey – On Wednesday, July 9, Cronos (CRO) — the native token of Crypto.com — surged over 20%, briefly breaking above the $0.10 mark before settling at $0.0945, fueled by news that Crypto.com will serve as the exclusive custodian for the upcoming Truth Social Blue-Chip Crypto ETF.

CRO- Price -Chart – Source: TradingView
CRO Price Chart – Source: TradingView.

According to a recent SEC filing, the ETF — sponsored by Trump Media’s Truth Social—will track five major digital assets:

Bitcoin (BTC) – 70%
Ethereum (ETH) – 15%
Solana (SOL) – 8%
Cronos (CRO) – 5%
Ripple (XRP) – 2%

What’s especially notable is that Crypto.com, not Coinbase, was selected as the ETF’s custodian and primary execution agent, responsible for staking services and liquidity support. This marks a major institutional win for Crypto.com and a significant milestone for the Cronos ecosystem.

While CRO has rallied sharply on the news, it still trades well below its 2021 all-time high of $0.95, suggesting that stronger catalysts may be needed for a full recovery to previous peaks.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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