21Shares Launches Exchange-Traded Product Tracking Crypto.com’s Cronos

21Shares, a leading crypto asset manager, has launched a new exchange-traded product (ETP) providing regulated access to CRO, the native token of Cronos, Crypto.com’s Layer 1 blockchain designed for Web3 applications.

The 21Shares Cronos ETP, listed under the ticker CRON on Euronext Paris and Euronext Amsterdam, offers investors an easy way to gain exposure to CRO without the complexities of crypto wallets or exchanges. The product comes with a 2.5% annual fee.

This launch expands 21Shares’ growing suite of crypto-linked ETPs, which cover various digital currencies. Additionally, the Swiss firm has been increasing its footprint in the U.S. with a recent S-1 registration for a SUI ETF.

CRO’s price has fallen 1.4% on the day, in line with the broader market movement across the cryptocurrency sector.