21Shares, a prominent crypto asset manager, has launched a new exchange-traded product (ETP) that allows investors to gain regulated exposure to CRO, the native token of Cronos, the blockchain developed by Crypto.com for Web3 applications.
The new 21Shares Cronos ETP, trading under the ticker CRON on Euronext Paris and Euronext Amsterdam, offers investors a streamlined way to invest in CRO without dealing with crypto exchanges or wallets. The product charges a 2.5% annual fee.
This launch further expands 21Shares’ lineup of crypto-focused ETPs, which already cover a variety of major cryptocurrencies. Additionally, the Swiss firm is pushing into the U.S. market, with a recent S-1 filing for a SUI ETF.
CRO’s price has dropped 1.4% on the day, reflecting the overall decline in the cryptocurrency market.
