21shares has launched a regulated exchange-traded product (ETP) tied to the Cronos blockchain, enabling investors to gain exposure to the CRO token without directly managing crypto wallets or exchanges.
21shares Rolls Out Regulated Cronos ETP
21shares AG, a leading crypto ETP issuer, unveiled the 21shares Cronos ETP (ticker: CRON) on Euronext Paris and Amsterdam, providing investors with regulated exposure to Cronos’ native token, CRO. The product carries a 22.50% fee and is listed under ISIN CH1443364232.
The 21shares team says Cronos, a layer one (L1) blockchain supported by Crypto.com, emphasizes scalability, interoperability, and artificial intelligence (AI) integration to power decentralized finance (DeFi), NFTs, and Web3 applications. The release notes that the ecosystem bridges Ethereum and Cosmos networks, fostering a multi-chain ecosystem.
“Cronos is uniquely positioned at the intersection of centralised access and decentralised innovation,” said Mandy Chiu, 21shares’ Head of Financial Products Development. Eric Anziani, Crypto.com’s President and COO, added that the ETP aligns with their goal toward mainstream crypto adoption.
The ETP allows investors to add CRO to portfolios via traditional brokers, bypassing digital wallets. Cronos safeguards over $6 billion in assets and has processed 100 million transactions since its 2021 launch.
21shares, founded in 2018, pioneered one of the first physically backed crypto ETP and now offers one of the largest suites of crypto-traded products. The announcement arrives amid a growing wave of alternative coin ETP rollouts, several of which are now eyeing entry into U.S. markets pending green lights from the U.S. Securities and Exchange Commission (SEC).
The new 21shares CRO product is unavailable in the U.S., Canada, Australia, or Japan due to regulatory restrictions. Investors in eligible regions can access prospectus details on 21shares’ website.
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