Connect with us

Hi, what are you looking for?

Business

Trump Media ETF Filing Sparks 18% Surge in Cronos Token

A recent filing by the Trump Media & Technology Group has propelled the price of the Cronos token (CRO) by over 18%, significantly outpacing other prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The surge followed the announcement of plans to introduce an exchange-traded fund (ETF) dubbed the “Crypto Blue Chip,” which will include a basket of major digital assets, prominently featuring CRO.

On Tuesday, March 15, 2025, CRO reached a price of $0.09513, marking an impressive increase of 18.7% within a 24-hour period, according to data from Benzinga Pro. The trading volume for CRO saw a remarkable boost, soaring by 1911.41% to nearly $224 million. This spike indicates heightened liquidity and strong interest among traders, as CRO emerged as the top performer for the day.

The filing for the ETF is particularly significant, as Donald Trump, who co-founded and is the majority owner of Trump Media, continues to influence market dynamics surrounding cryptocurrency. Analysts noted that the filing has sparked renewed enthusiasm for CRO, contrasting sharply with the performances of other leading cryptocurrencies, which have lagged behind in this rally.

In the stock market, shares of Trump Media experienced a slight decline, falling 0.47% in after-hours trading following a 2.83% increase during the regular session, closing at $19.26. The company’s stock is currently rated low in terms of momentum and value, according to market analysis.

The growing interest in cryptocurrencies, particularly in conjunction with high-profile endorsements, appears to be reshaping investor sentiment. As more investors look to diversify their portfolios with digital assets, the introduction of ETFs could play a crucial role in legitimizing cryptocurrency investments and attracting institutional interest.

The dynamics of the cryptocurrency market remain volatile, but the impact of strategic moves by influential figures like Trump cannot be overlooked. As the sector continues to evolve, the outcomes of such filings will be closely monitored by both traders and investors alike.

You May Also Like

Top Stories

California has taken a stand against a federal directive from the Trump administration demanding the exclusion of transgender athletes from girls’ and women’s sports....

Entertainment

Olivia Munn, the acclaimed actress, recently shared an intimate revelation about her personal struggles with trichotillomania, a disorder that compels individuals to pull out...

Top Stories

Frontier, a coalition of technology leaders including Google and Meta, has announced a landmark investment in Arbor, a cutting-edge startup specializing in bioenergy with...

Sports

Patrick Mahomes, the star quarterback for the Kansas City Chiefs, faced backlash recently due to a photo posted on July 4, where some critics...

Top Stories

The $10 billion AI startup Thinking Machines Lab (TML), founded by former OpenAI Chief Technology Officer Mira Murati in February, is making headlines for...

Sports

Heavy rainfall in central Texas early on July 4, 2023, led to catastrophic flooding, resulting in a rising death toll that now exceeds 100...

Business

A summit of leaders from the BRICS group of major emerging economies commenced in Brazil on Sunday, but notably absent is the top leader...

Health

Newswise — DALLAS – June 30, 2025 – Diets rich in phosphate additives, commonly found in processed foods, have been linked to increased blood...

Sports

The Houston Rockets have made a significant splash in the early stages of NBA free agency. On Monday night, they not only secured the...

Sports

Out to maintain their impressive debut season momentum, the high-scoring San Diego FC will attempt to extend their winning streak to five games as...

Entertainment

It may come as a surprise to many fans of The Devil Wears Prada that Anne Hathaway was not the first choice to play...

Entertainment

Televangelist Jimmy Swaggart, a pioneering figure in the world of televangelism, has passed away at the age of 90 in Louisiana. Known for his...

Copyright © All rights reserved. This website provides general news and educational content for informational purposes only. While we strive for accuracy, we do not guarantee the completeness or reliability of the information presented. The content should not be considered professional advice of any kind. Readers are encouraged to verify facts and consult appropriate experts when needed. We are not responsible for any loss or inconvenience resulting from the use of information on this site.