Swiss-based asset manager and pioneer of crypto investments, 21Shares has announced the launch of a new ETP featuring CRO. By bringing a TradFi investment vehicle tied to a DeFi-enabled blockchain, the ETP provides unique regulated exposure to CRO.
What We Know about the ETP:
The newly launched Exchange Traded Product essentially allows investors to add CRO exposure to their portfolios, without handling crypto wallets or the hassles of exchanges.
Through brokers and banks, traditional investors can now trade via the Cronos ETP under the ticker CRON by paying only a 2.5% annual fee. The ETP is now listed on Euronext Paris and Euronext Amsterdam.
CRO is the latest addition to 21Shares growing list of crypto-linked ETPs. The asset manager is also undertaking regulatory clearane steps to expand its offerings to the US – a key geography for the Crypto.com ecosystem.
Why This Matters:
The announcement comes weeks after Crypto.com signed a binding agreement with US President Donald Trump’s Truth.Fi to launch CRO-included America-First ETFs worldwide.
Such regulated exposure not only broadens the investor base, but also builds trust and institutional access. Further, listing on European exchanges is a boost of credibility that can potentially mark the much awaited onset of CRO popularity in mainstream financial markets.
Beyond the institutional validation, the ETP could also improve liquidity and enable better price discovery.
Such key milestones are critical in supporting Crypto.com’s institutional expansion strategies as it broadens the narrative on CRO’s utility beyond being just an exchange token to that of a native Layer 1 asset.
CroFam Rejoice Announcement:
There was widespread recognition of the importance of such announcement by the CroFam:
