21Shares, a Swiss Asset Management Firm, Introduces Cronos ETP

21Shares, a cryptocurrency asset management firm, has introduced a new exchange-traded product (ETP) that gives investors regulated access to the Cronos native token. Cronos serves as a Layer 1 network created for Web3 applications by Crypto.com.

The 21Shares Cronos ETP, available under the ticker CRON, is now listed on Euronext Paris and Amsterdam. It charges an annual fee of 2.5% while allowing exposure to CRO.

Investors can seamlessly include CRO in their portfolios by purchasing through banks and brokers, eliminating the need for managing crypto wallets or participating in exchanges.

This launch is the latest addition to the expanding range of cryptocurrency-focused ETPs from the Switzerland-based company, which already features various digital currencies. The firm is also extending its footprint in the U.S. market, having recently submitted an S-1 registration for a SUI ETF.

Currently, CRO’s value has decreased by approximately 1.4% today, mirroring trends seen across the broader cryptocurrency market.