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21Shares has introduced a new exchange-traded product (ETP) that provides investors with regulated exposure to the Cronos blockchain and its native cryptocurrency, the CRO token. This innovative product is now listed on Euronext Paris and Amsterdam under the ticker CRON, with a competitive 2.5% management fee. The goal is to simplify access to emerging Web3 infrastructure and make blockchain investment more accessible to institutional and retail investors.

What is Cronos?

The Cronos blockchain is a Layer 1 blockchain designed to support decentralized finance (DeFi), non-fungible tokens (NFTs), and AI-driven Web3 applications. It is interoperable with both Ethereum and Cosmos networks, enabling seamless connectivity between centralized and decentralized ecosystems. This dual compatibility positions Cronos as a critical bridge for users navigating the evolving crypto landscape.

Cronos has been developed with significant support from Crypto.com, a key player in the crypto industry, which continues to contribute to its growth and adoption. The blockchain’s multi-layer architecture ensures scalability and efficiency, making it a robust platform for emerging Web3 use cases.

Expert Insights on the Launch

Mandy Chiu, Head of Financial Products Development at 21Shares, highlighted the unique positioning of Cronos at the “intersection of centralized access and decentralized innovation.” Eric Anziani, President and COO of Crypto.com, emphasized that this collaboration aligns with broader efforts to bring mainstream investment opportunities to the cryptocurrency market.

Recent Developments in the Cronos Ecosystem

In March, Cronos experienced notable price activity following a community vote to establish strategic reserves and a new proposal to burn 50 million CRO tokens. While the vote approved the minting of 70 billion new CRO tokens over the next decade—reversing a prior token burn—it raised concerns about potential dilution. To address these concerns, developers proposed a burn of 50 million CRO tokens from the community pool, marking the fourth token burn in recent months.

These measures are part of ongoing efforts to balance network growth with tokenomics that benefit both investors and the ecosystem at large.

Why Choose the 21Shares Cronos ETP?

With the launch of the Cronos ETP, 21Shares continues to expand its portfolio of cryptocurrency-based financial products. This offering is particularly attractive to investors seeking regulated instruments tied to blockchain ecosystems without the complexities of directly managing digital assets.

The ETP allows users to gain exposure to CRO through traditional banks and brokers, making it an ideal solution for those who want to participate in the growing crypto market while leveraging familiar, regulated investment channels.

Key Features of the 21Shares Cronos ETP

  • Regulated Exposure: Provides a secure and compliant way to invest in the Cronos blockchain and CRO token.
  • Ease of Access: Available through traditional financial institutions, eliminating the need for direct crypto asset management.
  • Low Management Fee: Competitive 2.5% fee for streamlined access to blockchain investments.
  • Scalable Web3 Infrastructure: Taps into Cronos’ multi-layer architecture to support future blockchain innovation.

This launch underscores 21Shares’ commitment to offering diverse and innovative investment options in the cryptocurrency space, catering to the needs of both beginner and intermediate investors.

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