Canary Capital Registers Cronos Staking ETF Amid SEC Move

• Cronos ETF could expand institutional access to cryptocurrencies
• SEC eases rules on crypto asset staking
• Crypto.com strengthens presence with ETF and stablecoin

Canary Capital has filed a SEC order to launch the Canary Staked CRO ETF, aiming to offer direct exposure to Cronos (CRO), the native token of the Cronos ecosystem. In addition, the fund will seek to generate additional yields through staking, marking a strategic move in the cryptocurrency ETF market.

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The asset manager filed on Form S-1 after creating a trust entity in Delaware in anticipation of the filing. According to the document , CRO assets will be held in custody by Foris DAX Trust Company — also known as Crypto.com Custody Trust Company — while staking operations will be conducted by validated infrastructure providers.

An important feature of the fund is that staked assets will be locked for 28 days, during which time they cannot be transferred or withdrawn. The ETF's trading code and the annual fee that will be applied have not yet been disclosed.

Eric Anziani, President of Crypto.com, commented: “ETFs have been an effective means of expanding investor participation in cryptocurrencies and further integrating digital and traditional financial capabilities.” He expressed his excitement about the new opportunity offered by Canary Capital to U.S. investors.

This initiative is part of a movement Crypto.com’s broader 2025 plan, which includes the launch of its own stablecoin and the expansion of products aimed at both retail and institutional investors.

Cronos’ ETF proposal joins other SEC filings by Canary Capital, including the Canary Staked TRX ETF and the Staked SEI ETF, which focus on staking TRON and SEI tokens, respectively.

On Thursday, the SEC released important guidance stating that most staking activities on proof-of-stake networks do not fall within the definition of a securities offering. The guidance reinforces that staking rewards are viewed as compensation for services provided by validators, rather than as profits derived from third parties.