CRO Token Soars 20% as Crypto.com Named Custodian for Truth Social’s Blue-Chip Crypto ETF
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.
According to a recent SEC filing, the ETF — sponsored by Trump Media’s Truth Social—will track five major digital assets:
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.
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