21Shares Launches Cronos ETP in Europe

In a significant move for crypto investment accessibility, Swiss asset manager 21Shares has introduced a new exchange-traded product (ETP) tied to the Cronos blockchain's native token, CRO.

The 21Shares Cronos ETP, trading under the ticker “CRON,” is now available on Euronext Paris and Amsterdam exchanges. This product offers investors regulated exposure to the CRO token without the need to directly manage digital wallets or navigate cryptocurrency exchanges.

Cronos, developed by Crypto.com, is a Layer 1 blockchain designed for interoperability with Ethereum and Cosmos ecosystems. It supports decentralized finance (DeFi), non-fungible tokens (NFTs), and various Web3 applications. The network aims to bridge centralized and decentralized platforms, facilitating a seamless user experience across different blockchain environments

Mandy Chiu, Head of Financial Products Development at 21Shares, highlighted the significance of this launch: “By introducing the Cronos ETP, we’re providing investors with straightforward, regulated access to a blockchain ecosystem that’s at the forefront of real-world adoption and Web3 innovation.”

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As of now, Cronos boasts a total value locked (TVL) of approximately $409.8 million, reflecting its growing adoption in the DeFi space . The CRO token is currently trading at around $0.09587, with a market capitalization of approximately $2.5 billion.

This launch is part of a broader trend where asset managers are increasingly introducing crypto-linked investment products. Notably, VanEck has recently filed for the first U.S.-based ETF tracking Binance’s BNB token, indicating a growing institutional interest in diversified crypto assets.

The introduction of the 21Shares Cronos ETP represents a step forward in integrating traditional financial instruments with the evolving cryptocurrency landscape, offering investors new avenues to participate in the digital asset market.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.