Canary Capital Files for Staked Cronos ETF, Expanding Regulated CRO Investment Options in the U.S.

Canary Capital Group has officially filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) designed to offer regulated exposure to Cronos (CRO), the native token of Crypto.com.

Filed on May 30, the proposed Canary Staked CRO ETF would allow investors to gain direct price exposure to CRO—without needing to buy, store, or manage the asset themselves. The fund is structured to track the market value of CRO held in secure custody, adjusted for operational expenses. To generate additional yield, the ETF will stake a portion of its CRO holdings on the Cronos proof-of-stake blockchain.

The ETF’s net asset value will be calculated daily using a benchmark index that aggregates CRO prices from multiple digital asset exchanges. This helps ensure that valuations are fair and reflective of real-time market dynamics.

Custody of the ETF’s digital assets will be managed by Foris DAX Trust Company, doing business as Crypto.com Custody Trust Company. Assets will be stored offline in secure, insured environments—though it's worth noting that the holdings are not protected by FDIC insurance. The fund is designed to be conservative in structure, avoiding the use of leverage, derivatives, or asset lending practices.

This filing marks a continuation of Canary Capital’s growing footprint in the regulated crypto investment space. The firm previously collaborated with Crypto.com to launch the Canary CRO Trust, giving accredited U.S. investors a compliant way to gain CRO exposure.

The move also follows Crypto.com's earlier European expansion, where it joined forces with 21Shares to offer a CRO exchange-traded product (ETP) listed on Euronext Paris and Amsterdam under the ticker CRON.