21Shares has announced the launch of a new exchange-traded product (ETP) providing investors regulated access to the Cronos blockchain and its CRO token.
Details of the New ETP
The ETP will be traded on Euronext Paris and Amsterdam under the ticker CRON. It carries a 2.5% management fee aimed at simplifying access to emerging Web3 infrastructure.
Technical Aspects of Cronos
Cronos is a Layer 1 blockchain developed to support decentralized finance, NFTs, and AI-integrated Web3 applications. It is compatible with both Ethereum and Cosmos, bridging centralized and decentralized ecosystems.
Investment Security and Cronos Development
With this launch, 21Shares continues to expand its cryptocurrency ETP lineup, offering investors regulated instruments linked to blockchain ecosystems. Cronos allows users to gain exposure to the CRO tokens without directly managing digital assets.
With the launch of the Cronos ETP, 21Shares provides investors with new opportunities to engage in blockchain investments while supporting the growth of cryptocurrency markets.
