Crypto Asset Manager 21Shares has launched a new product negotiated on the stock market (ETP) offering investors a regulated exposure to the native Cronos token, a layer 1 network developed by Crypto.com, for web3 applications.
The 21shares Cronos ETP, which is negotiated under the Cron Ticker, is registered on Euronext Paris and Euronext Amsterdam. It includes annual costs of 2.5% and provides exposure to CRO.
The product allows investors to add exposure to CRO to their wallets via brokers and banks, without manipulating wallets or cryptographic exchanges.
This is the latest addition to the growing list of the company based in ETP Zurich linked to the crypto, which already cover various cryptocurrencies. The Swiss active manager also moved to extend its offer to the United States with a recent S-1 registration form for an ETF SU.
The price of the CRO is down approximately 1.4% for the day, in accordance with a broader movement of the cryptocurrency market.
