Cronos (CRO) ETF Delayed to June

Added: 2026-05-22

[00:00:00]The Truth Social Cronos ETF got delayed to the 12th of June causing the price to well, plummet.

[00:00:09]There seems to be a lot going on behind closed doors, but what exactly is happening? Well guys, I would say let's strap in and let's find out.

[00:00:21]This video is sponsored by Obsidian Swap and their trading platform. Start trading now and get the best prices on Cronos.

[00:00:30]A few weeks back, I made a video about the CRO ETF becoming effective on the 15th of May, but one day prior to that day, we got some bad news. As you can read here in this post by Pumba, we got an SEC filing update of the Truth Social funds. And to quickly spare you what's all inside of it, but basically it's mentioning a new date, which is now the 12th of June. But honestly, it was a bit of a letdown I would say also. The market responded quite negatively to the news. And I would say of course it's not just all sort of news regarding the CRO ETF. Beside that, we also had a lot of over boughtness on the RSI and in general, we do see that Bitcoin is also falling down, but still it's all still in a very bullish pattern. Having said that though, the question is really why did we get this delay? Unfortunately, there was no official statement why the ETF got delayed. But if you take a look at the two most common reasons, we can find a bit more information. For example, sometimes the SEC requires more time to review or comment. And in that case, if it can't be resolved in like five business days, then typically they ask the issuer to file for a delay. The interesting part here though is that the delay didn't happen five business day prior to the scheduled effective day.

[00:01:53]No, it happened just one day prior. So I don't think that the SEC necessarily has way more questions. I think this one a second reason is way more likely because it's about timing flexibility.

[00:02:08]Sponsors pick an initial target effective date when filing, but market conditions, operational readiness, or extra review time frequently require a short postponement. And I think this is right on the money because what we do know, there are a lot of catalysts going live right in the June time frame. We're talking, for example, about the first version of the Chronos app. But also, very interesting, mentioned here by Crew Magnum, we'll have the UFC event, the 250 years of America, happening also in June, June 15th to be exact. And during that event, there will be a price pool of $1 million of Crew tokens. And besides that, we also still working on the MCJ company.

[00:02:56]And especially MCJ company might be a big player really in the next push for Crew. But let's talk about that after the quick words of today's sponsor.

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[00:03:37]Anyways, let's continue talking about the Crew ETF and why it got delayed. And as we mentioned before, I do not think that the approval by the SEC is the big issue because the delay happened at the last possible minute. And that's also why I think the timing was the most important desire why the delay was happening. Because as you can see also the market here on May 14th was approaching big resistance from the 200-day simple moving average. If you would have released the ETF over there, well, it was likely that we're going to go down. It's better to release the ETF during a potential time of continuation of pumps because then it gets a bit more momentum. As of right now, you can see everyone is again leaving the crypto market, which I find pretty funny by the way because in general we have gone up about $20,000 and now we go down about $6,000 and it's all over it's all one one big bear market again. I do not think that if we are going down below the 100-day simple moving average, well, in that case we can start talking again.

[00:04:42]But for now, we're definitely still in a bullish structure.

[00:04:46]Having said that though for crew again, it was a big big big blow. As you can see, we're almost back here to where we started the month of May.

[00:04:55]Having said all of that though, the current target date is the 12th of June for the crew ETF. And while we can't say for certain that this time it is going to be the 12th, you typically don't get infinitive amount of delays. If the market is still bad, yes, we might get another delay, but other than that, I don't think it will be coming because also the SEC does not like delays. But also we do have some more good news because you might have heard that they're going to rename the crew ETF from the Truth Social brand to the Yorkville brand. And I find that pretty interesting because the Truth Social brand, that was very much related to Donald J. Trump. And of course, Trump hasn't been the most popular in recent days. And this Yorkville brand sounds a lot more neutral. What do you guys think? Let me know in the comments down below if you like that they're They're to distance shade a little bit the true social brand and also the CRO token. Let me know in the comments down below and while you're there, don't forget to hit the like button and also strap in for future videos.

[00:05:58]Finally, I wanted to talk about some news regarding MC GA because this could be a fundamental catalyst for the CRO token. What you see here is that recently, according to Crew Magnum, a different company called WR Berkley, an insurance firm, got a 9.2% stake in the MC GA company prior to the actual merger between Trump Media and Crypto.com to call it MC GA. So, basically, they now actually do hold a bit of CRO as well because this company is a proxy for the CRO token or at least is going to be one. So, this company is buying into the MC GA company and besides that, we also got a different company, a major Japanese financial institution buys a 7.2% of share of the MC GA float. So, about 15% of the MC GA company is now owned by different companies outside of Trump Media and outside of Crypto.com. And I find that really, really interesting. If you add up all these little things, I do believe that the go live of the MC GA company is getting closer and closer day by day, especially now with the delay of the Cronos ETF. And I believe that will be a very bullish period. But, let me know in the comments down below what you think. If you want to learn more though, I also have some more videos here to the right of me to learn more about the app and also about the CRO ETF that should be coming rather soon.