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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Canary Capital submitted a Spot CRO ETF application containing stake to the SEC.
Gate News bot news, Canary Capital submitted an S-1 sign up statement to the SEC (SEC) on Friday, aiming to manage the potential first Spot CRO exchange-traded fund (ETF) in the US, which includes a stake portion.
The proposed fund provides direct exposure to CRO, the native cryptocurrency of the Cronos blockchain. The trust plans to pledge a portion of its assets through one or more staking providers, potentially generating additional income for investors. It will handle the issuance and redemption of shares in cash rather than in kind, similar to the structure of existing spot Bitcoin and Ethereum ETFs in the US. However, it will support in-kind redemptions if it is approved by regulators in the future.
Cronos is an EVM-compatible blockchain that supports DeFi, NFTs, and Web3 applications. It is built on the Cosmos SDK, supports low-cost transactions and cross-chain interoperability, and uses CRO for fee payments, governance, and staking.
Source: The Block