21Shares, a prominent crypto asset manager, has launched a new exchange-traded product (ETP) that gives investors regulated exposure to CRO, the native token of Cronos, a Layer 1 blockchain developed by Crypto.com for Web3 applications.
The 21Shares Cronos ETP, listed under the ticker CRON on Euronext Paris and Euronext Amsterdam, allows investors to gain exposure to CRO without the need for crypto wallets or exchanges. The product carries an annual fee of 2.5% and enables investment through traditional brokers and banks.
This launch adds to 21Shares’ growing portfolio of crypto-linked ETPs, which already includes a variety of digital assets. The Swiss-based firm has also been expanding its footprint in the U.S., including a recent S-1 filing for a SUI ETF.
As of today, CRO’s price has dipped around 1.4%, reflecting a broader downtrend in the cryptocurrency market.
