21Shares has launched a new exchange-traded product offering investors regulated exposure to the Cronos blockchain and its native CRO token.
The ETP is listed on Euronext Paris and Amsterdam under the ticker CRON. It carries a 2.5% management fee and is designed to simplify access to emerging Web3 infrastructure, according to a release on the matter.
Cronos (CRO) is a Layer 1 blockchain built to support decentralized finance, NFTs, and AI-integrated Web3 applications.
Crypto.com
Interoperable with both Ethereum and Cosmos, the network aims to bridge centralized and decentralized ecosystems.
It is developed with support from Crypto.com, which remains a key contributor to its growth.
“Cronos is uniquely positioned at the intersection of centralized access and decentralized innovation,” said Mandy Chiu, Head of Financial Products Development at 21Shares. Eric Anziani, President and COO of Crypto.com, added that the collaboration is part of a broader effort to mainstream crypto investment opportunities.
In March, Cronos’ price rose after a vote to create Strategic Reserves passed and a new proposal to burn 50 million CRO tokens was launched.
The vote approved minting 70 billion new CRO tokens over 10 years, reversing a previous burn and raising concerns about dilution. To offset this, developers proposed burning 50 million CRO from the community pool, marking the fourth recent token burn.
With this launch, 21Shares continues to expand its lineup of crypto ETPs, targeting investors seeking regulated instruments tied to blockchain ecosystems.
The Cronos ETP is available through traditional banks and brokers, allowing users to gain CRO exposure without directly managing digital assets.
