The <cursor> element is not widely supported (only in "WebKit-derived" browsers), and has been deprecated in SVG2 [1]. Because the "full" semantics have not been implemented (which would allow the <cursor> element to reference another element which would be used as the cursor), the current implementation does not really offer any additional functionality to that of a non-<cursor> reference (i.e a regular image URL.) Regardless, referencing an element could be done directly from the 'cursor' property, so there should be no need for a <cursor> element.
The <cursor> element also happen to be mentioned as "" in the HTML spec's "Dependencies" section [2].
[1] https://svgwg.org/svg2-draft/interact.html#CursorElement
[2] https://html.spec.whatwg.org/multipage/infrastructure.html#dependencies (search for "SVG")
Comment 1 by f...@opera.com
, Sep 27 2016