Crypto Asset Manager 21Shares has launched a new Exchange-Traded product (ETP) that regulates investors in native tokens for Cronos, a layer 1 network developed by Crypto.com for web3 applications.
The 21Shares Cronos ETP, which is traded under the ticker Cron, is listed in EuroNext Paris and EuroNext Amsterdam. We offer exposure to CROs with a 2.5% annual membership fee.
This product allows investors to add CRO exposure to their portfolios through brokers and banks without having to deal with crypto wallets or exchanges.
This is the latest addition to the Zurich-based company’s expanding list of crypto-related ETPs, already covering a variety of cryptocurrencies. Additionally, in the SUI ETF’s recent S-1 registration form, Swiss Asset Manager is moving to expand its offering in the US.
CRO prices fell approximately 1.4% that day, in line with the broader cryptocurrency market movement.
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