Wall Street’s Altcoin Play: Bitwise and 21Shares Push Altcoin ETFs Amid Regulatory Delays
Amara Khatri
Published 1 hour ago on May 07, 2025
Contents
21Shares Debuts Cronos ETP in Europe
Bitwise Files for NEAR ETF in the U.S.
Further Details To Be Announced
Expanding the Altcoin ETF Market
Regulatory Outlook Remains Uncertain
Two major players in the digital asset investment space, Bitwise and 21Shares, have made fresh moves to diversify beyond flagship cryptocurrencies like Bitcoin and Ethereum, signaling growing institutional interest in layer-1 protocols and platform tokens.
21Shares Debuts Cronos ETP in Europe
21Shares announced the launch of a new exchange-traded product (ETP) providing direct exposure to Cronos (CRO), the native token of Crypto.com’s blockchain ecosystem. The product began trading on May 6 across Euronext’s Paris and Amsterdam exchanges. This marks one of the first regulated, exchange-listed vehicles offering European investors access to Cronos, further expanding 21Shares’ portfolio of altcoin ETPs.
The move underscores 21Shares' strategy of targeting niche blockchain assets with strong market potential and follows a series of similar product launches over the past year aimed at capturing the growing European appetite for diversified crypto exposure.
