21Shares Introduces ETP Linked to Crypto.com’s Cronos Network

21Shares, a leading crypto asset management firm, has introduced a new exchange-traded product (ETP) that provides investors with regulated access to CRO, the native token of Cronos, Crypto.com’s Layer 1 blockchain designed for Web3 applications.

The 21Shares Cronos ETP, trading under the ticker CRON on Euronext Paris and Euronext Amsterdam, offers an easy way for investors to add CRO exposure to their portfolios without the complexities of managing crypto wallets or exchanges. The product carries a 2.5% annual fee.

This launch marks the latest in a series of crypto-linked ETPs by the Zurich-based firm, which continues to expand its product offerings. 21Shares is also increasing its presence in the U.S., recently filing an S-1 registration for a SUI ETF.

CRO’s price has experienced a modest decline of 1.4% today, aligning with the overall trend in the cryptocurrency market.