The Crypto Asset Manager 21shares has launched a new exchange-exchanged product (ETP) that offers investors controlling exposure to the Native token of Cronos, a Layer 1 network developed by Crypto.com, for web3 applications.
The 21shares Cronos ETP, who traded under Ticker Cron, is listed in Euronext Paris and Euronext Amsterdam. It carries a 2.5% annual fee and provides exposure to CRO.
The product allows investors to add CRO exposure to their portfolios through brokers and banks, without administering wallets or exchanges.
This is the latest addition to the Zurich -based firm list of Crypto -associated with the ETP, which covers a variety of cryptocurrencies. Swiss Asset Manager also moves to expand its offer in the US with a recent S-1 registration form for a sui etf.
The CRO price dropped around 1.4% for the day, in accordance with a broader cryptocurrency market movement.
