21Shares Launches New Exchange-Traded Product Targeting the Cronos Blockchain and 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

21Shares has launched a new exchange-traded product offering investors regulated exposure to the Cronos blockchain and its native CRO token.

Listed on Euronext Paris and Amsterdam under the ticker CRON, the ETP carries a 2.5% management fee and aims to simplify access to emerging Web3 infrastructure, according to a statement on Wednesday.

Cronos (CRO) is a Layer 1 blockchain focused on decentralized finance, NFTs, and AI-integrated Web3 applications. Interoperable with both Ethereum and Cosmos, the network seeks to connect centralized and decentralized ecosystems. It is developed with the support of Crypto.com, which continues to be a major contributor to the chain’s development.

“Cronos is uniquely positioned at the intersection of centralized access and decentralized innovation,” said Mandy Chiu, Head of Financial Products Development at 21Shares.

“We are pleased to provide investors with a convenient and transparent way to invest in this emerging technology through a regulated and liquid product offering,” she added.

Meanwhile, Eric Anziani, President and COO of Crypto.com, highlighted the collaboration as part of a broader initiative to introduce and diversify crypto investment opportunities to a wider audience.

“At Crypto.com, we are dedicated to advancing the Web3 ecosystem and providing accessible investment avenues,” Anziani concluded.

In March, Cronos’s price saw an uptick following a vote to create Strategic Reserves and a new proposal to burn 50 million CRO tokens. The vote approved the minting of 70 billion new CRO tokens over 10 years, reversing a previous burn and sparking concerns over dilution. To mitigate 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 suite of crypto ETPs, catering to investors searching for regulated instruments linked to blockchain ecosystems. The Cronos ETP can be accessed through traditional banks and brokers, enabling users to gain exposure to CRO without needing to manage digital assets directly.