Cronos pumps 35% as Trump Media partners for ETF Launch

Cronos (CRO) has soared astir 35% successful the past 24 hours, climbing to $0.1111 aft a large announcement from Trump Media & Technology Group (TMTG). The company, started by erstwhile U.S. President Donald Trump, is entering the exchange-traded funds (ETFs) marketplace done a caller concern with Crypto.com.

TMTG is rolling retired a caller ETF bid called Truth.Fi, which volition see some cryptocurrencies and U.S.-focused securities. These ETFs, managed done Foris Capital US LLC, Crypto.com’s broker-dealer, volition besides screen cardinal industries similar vigor that thrust economical maturation successful the U.S.

Source: CoinMarketCap

Bitcoin and Cronos are among the cardinal assets included successful these ETFs, fueling a surge successful CRO’s value. The token’s marketplace headdress has climbed to $2.95 billion, portion its 24-hour trading measurement has skyrocketed by 1,295.80% to $277 million.  

TMTG CEO Devin Nunes said these ETFs volition absorption connected companies that prioritize maturation and are escaped from governmental bias. He emphasized that the extremity is to supply concern options that align with American values and economical expansion.  

With Trump’s media institution making a bold determination into the ETF abstraction and teaming up with Crypto.com, investors are present watching to spot if this momentum volition continue, particularly for Cronos.

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