21shares Launches Regulated Cronos (CRO) Exchange-Traded Product (ETP)

21shares AG, a renowned issuer of crypto exchange-traded products (ETPs), has announced the launch of a regulated ETP tied to the Cronos blockchain.

Clocking in with a 22.50% fee, the 21shares Cronos ETP (ticker: CRON) is now available on Euronext Paris and Amsterdam. The product, which comes with ISIN CH1443364232, provides investors with seamless access to the Cronos (CRO) token.

Despite being a relatively new L1 blockchain powered by Crypto.com, Cronos has rapidly gained recognition for its scalable and interoperable design, designed to integrate AI and drive decentralized finance (DeFi), NFTs, and Web3 applications. The ecosystem acts as a bridge between Ethereum and Cosmos networks, forming a broader multi-chain ecosystem.

“Cronos is uniquely positioned at the intersection of centralised access and decentralised innovation,” said Mandy Chiu, 21shares’ Head of Financial Products Development.

“We are pleased to see Cronos’ commitment to interoperability and scalability reflected in this ETP, allowing investors to easily include CRO in their portfolios via traditional brokers without needing to create digital wallets,” Chiu added.

Eric Anziani, President and COO of Crypto.com, said: “At Crypto.com, we are focused on advancing the future of blockchain and fostering greater financial inclusion. We are delighted to see this new ETP offering from 21shares, which aligns perfectly with our goal of bringing crypto to the mainstream.”

Through this ETP, investors can effortlessly add CRO to their portfolios using traditional brokers without the need to register on crypto exchanges or manage digital wallets.

Cronos, which has safeguarded over $6 billion in assets and processed 100 million transactions since its launch in 2021, is known for its robust security measures and high transaction volumes.

Founded in 2018, 21shares developed one of the first physically backed crypto ETPs and currently offers one of the largest suites of crypto-traded products.

The announcement comes amid a growing wave of alternative coin ETP launches, several of which are now aiming for U.S. listings pending approval from the U.S. Securities and Exchange Commission (SEC).

However, the new 21shares CRO product will not be available in the U.S., Canada, Australia, or Japan due to regulatory restrictions. Investors in eligible regions can access prospectus details on 21shares’ website.