21Shares exchange-traded product provider launches CRON, an ETF based on Cronos (CRO)

21Shares, a specialized exchange-traded product provider, has announced the launch of CRON, an ETF that tracks the Cronos (CRO) cryptocurrency. The product is designed to provide institutional investors with seamless exposure to fast-growing altcoins.

The ETF, listed on Euronext Paris and Euronext Amsterdam with the ticker CH1443364232, carries a 2.5% management fee. It will enable investors to gain exposure to Cronos, a blockchain ecosystem renowned for its multi-layer architecture and scalable Web3 solutions.

“Cronos is uniquely positioned at the intersection of centralized access and decentralized innovation,” said Mandy Chiu, Head of Financial Products Development at 21Shares. “By launching a Cronos ETP, we are offering investors easy, regulated exposure to a blockchain ecosystem that is driving real-world adoption and pioneering the future of Web3.”

The new addition to 21Shares’ product suite is backed by a specialized research team, proprietary technology and deep capital markets expertise, delivering innovative, simple and cost-efficient investment solutions.

“Providing more ways for traders to engage with cryptocurrencies is fundamental to our vision of further mainstreaming crypto around the world,” said Eric Anziani, President and COO of Crypto.com. “We are proud to be a long-time supporter and contributor to the Cronos ecosystem. We are incredibly excited to partner with 21Shares to enable even more exposure to Cronos and Web3 infrastructure.”

The 21Shares Cronos ETP will allow investors to integrate CRO into their portfolios via traditional banks and brokers, eliminating the need for them to personally handle digital wallets or exchanges. Cronos boasts a robust network of over 500 application developers and partners, catering to an addressable user base of over 100 million across the globe.

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