Canary Capital Group LLC has officially filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Canary Staked CRO ETF.
The filing submitted on May 30, 2025, aims to become the first U.S. exchange-traded fund offering exposure to Cronos (CRO) while incorporating staking rewards directly into the fund’s performance.
The fund differs from traditional cryptocurrency funds in its innovative dual investment objective. It focuses on providing investors with direct exposure to CRO’s price movements, while its secondary objective is to earn additional CRO tokens through the validation of transactions on the Cronos Proof-of-Stake chain. This enables investors to benefit not only from potential price appreciation but also from the passive income generated through blockchain staking activities.
The fund will hold CRO tokens and establish its net asset value by referencing CRO’s market price through a designated pricing benchmark. All staking activities will go through validated infrastructure providers. However, investors should note that staked CRO will be subject to a 28-day mandatory unbonding period during which tokens cannot be transferred or withdrawn.
Canary Capital Partnership with Crypto.com
The filing builds upon Canary Capital’s existing relationship with Crypto.com, which will serve as the custodian through its Foris DAX Trust Company subsidiary.
The collaboration extends beyond just custody services, as Crypto.com and Canary Capital previously launched the Canary CRO Trust in May 2025, marking the first private investment vehicle for CRO targeting U.S. accredited investors. This trust served as a precursor to the more ambitious ETF filing, demonstrating the company’s commitment to expanding institutional access to CRO investments.
While the annual management fee structure remains undisclosed and the fund’s ticker symbol unannounced, the filing represents a crucial step toward mainstream adoption of staking-based cryptocurrency investments.
If approved, the Canary Staked CRO ETF would provide U.S. investors with unprecedented access to both CRO price exposure and staking rewards through a regulated, exchange-traded vehicle.
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