The 21Shares Cronos ETP offers regulated exposure to the native token of the Cronos network, CRO, allowing investors to add CRO to their portfolios without directly handling cryptocurrencies.
The 21Shares Cronos Exchange-Traded Product (ETP) offers regulated exposure to the native token of the Cronos network, CRO. This product allows investors to add CRO to their portfolios without directly handling cryptocurrencies.
Cronos ETP is a decentralized, open-source platform that enables the creation and management of digital assets.
It utilizes a unique consensus algorithm to validate transactions and secure the network.
Cronos ETP supports multiple programming languages, including Solidity and Rust, allowing developers to build scalable and efficient applications.
The platform also features a built-in token system, enabling seamless interactions between different blockchain networks.
The 21Shares Cronos ETP is listed on Euronext Paris and Amsterdam, providing a regulated way for investors to access CRO. It carries a 2.5% annual fee. Investors can add CRO exposure to their portfolios through brokers and banks without handling crypto wallets or exchanges.
This is the latest addition to 21Shares’ growing list of crypto-linked ETPs, which already cover various cryptocurrencies. The Swiss asset manager has also been expanding its offering in the U.S. with a recent S-1 registration form for a SUI ETF.
The price of CRO is currently down around 1.4% for the day, in line with a broader cryptocurrency market movement.
Francisco Rodrigues is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk, he worked at major financial and crypto publications. He owns various cryptocurrencies above CoinDesk’s $1,000 disclosure threshold.
- coindesk.com | 21Shares Launches ETP Linked to Crypto.coms Cronos
