21Shares Launches ETP Linked to Crypto.com's Cronos | Breaking Crypto News & Blockchain Updates

21Shares Launches ETP Linked to Crypto.com's Cronos — Crypto asset manager 21Shares has launched a new exchange-traded product (ETP) offering investors regulated exposure to the native token of Cronos, a ...

Crypto asset manager 21Shares has launched a new exchange-traded product (ETP) offering investors regulated exposure to the native token of Cronos, a Layer 1 network developed by Crypto.com, for Web3 applications.

The 21Shares Cronos ETP, which trades under the ticker CRON, is listed on Euronext Paris and Euronext Amsterdam. It carries a 2.5% annual fee and provides exposure to CRO.

The product allows investors to add CRO exposure to their portfolios through brokers and banks, without handling crypto wallets or exchanges.

This is the latest addition to the Zurich-based firm’s growing list of crypto-linked ETPs, which already cover various cryptocurrencies. The Swiss asset manager has also been moving to expand its offering in the U.S. with a recent S-1 registration formfor a SUI ETF.

The price of CRO is down around 1.4% for the day, in line with a broader cryptocurrency market movement.

Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.

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