Crypto Asset Manager 21Shares has launched a new product quoted in the stock market (ETP) that offers investors regulated to the native token of Cronos, a layer of layer 1 developed by Crypto.com, for web3 applications.
The 21Shares Cronos ETP, which is quoted under the Cron Ticker, appears in Euronext Paris and Euronext Amsterdam. It has an annual rate of 2.5% and provides exposure to Cro.
The product allows investors to add exposure to Cro to their portfolios through corridors and banks, without handling wallets or cryptographic exchanges.
This is the latest incorporation into the growing List of ETP linked to Cryptographic based in Zurich, which already covers several cryptocurrencies. The Swiss Asset Manager has also been moving to expand its offer in the US. With a recent S-1 registration form for an ETF sui.
The price of CRO has dropped around 1.4% for the day, in line with a broader movement of the cryptocurrency market.
