Breaking NEWS: $CRO ETF will be approved.
Just moments ago, the @SECGov published new generic listing standards for commodity-based ETPs (incl. crypto ETFs). https://t.co/VZHD64h6ie
In the future, there will be no need for individual SEC approvals for crypto ETFs if one of the three criteria below is met:
a) trading on surveillance-covered markets
b) futures trading for at least six months on a designated market (like Coinbase)
c) or ≥40% exposure via listed ETFs.
What does this mean?
These new rules will significantly speed up the market access for new applicants while still safeguarding investors because of relatively stringent requirements. But let’s examine how this applies specifically to CRO.
I posted yesterday about how the CRO futures listing on Coinbase Derivatives (which will take place tomorrow, on Sep 18) is a gateway for Cronos ETF approval, because Coinbase is a designated contract market. https://t.co/7I96Q35UAo
This is the pathway b), which we already knew about. But the rule requires that such a futures contract still trades for at least six months on a designated market for ETFs to qualify for the shortcut. That is too slow for Crofam. So how do we get through?
CRO ETFs (Canary or Truth Social) likely do not qualify under pathway a), as there is no prior ETF with ≥40% of its net asset value in CRO that already trades on a national securities exchange, which we could then rely on to legitimise a new listing.
But fear not, for there is also the final pathway c). On an initial and continuing basis, ETFs can be fast-tracked if a commodity trades on a market that is an Intermarket Surveillance Group (“ISG”) member. And here comes the key information. CRON 21Shares Cronos ETP (ISIN CH1443364232), is listed on and ISG member exchange.
Euronext Amsterdam and Euronext Paris are both members of the Intermarket Surveillance Group (ISG). The ISG membership list includes Euronext N.V. and its markets, which cover Amsterdam, Paris, Brussels, Lisbon, Dublin, Milan, and Oslo. That means trading activity in those venues is subject to ISG’s cross-market surveillance sharing framework.
Level Up is now the best subscription program in the industry. Period. 💪🏼💰
All these exciting and enhanced benefits covering our entire product suite are enabled today for our existing users too. No action required. #crofam
We’re upgrading Level Up today. It is now the best subscription program in the industry, period.
All existing Level Up users are upgraded to take advantage of new benefits.
- no trading fees
- highest yield on stables - 5% for Pro, 4.5% for Plus
- highest cashback on Visa cards - 4.5% for Pro, 3.5% for Plus
- three simple levels, Plus at $4.99 and Pro and $29.99 per month, Private via $CRO staking only
- full flexibility - if you don’t like monthly fees, stake $CRO instead
We expect this Level Up upgrade to result in a massive increase in the number of $CRO holders globally — to the tune of millions of new users.
A MUST-WATCH interview with Devin Nunes, CEO of Trump Media Technology Group and the Chair of the President’s Intelligence Advisory Board on our strategic partnership.
When Ethereum hits $5,000 I will give 1 ETH to ten people who follow me.
The rules are simple:
- like this tweet, follow me and RT
- comment “5k incoming”
Let’s go! $ETH
Bitcoin is the most scarce asset in existence.
Unlike fiat, you can’t just print more.
That’s why institutions are stack $BTC like there's no tomorrow.
But the real question is: are you?
Someone just shilled me this meme coin:
- 16 trillion in supply
- No max cap
- 30% of supply minted in the last 6 months
- One node
- 1% of holders own 99% of supply
- No issuance rules
- Spend 50 hours a week in the mine for airdrops
Should I invest?