21Shares launches an ETP based on the Cronos cryptocurrencies in Europe

The new ETP of 21Shares based on Cronos It offers regulated access to Token Cro From Europe, in a completely regulated way, designed for institutional investors who do not want to deal with the autocustody of the digital currency.

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• The Switzerland 21Shares launches a product quoted in the stock market (ETP) linked to Cronos (Cro).
  
• The financial instrument is negotiated in Euronext Paris and Amsterdam with an annual commission of 2.5%.
  
• Allows you to invest in Cro without managing wallets or accounts in exchanges.

The asset manager and investment funds, 21Shares, He has taken a new step in his expansion strategy with the launch of a bag -listed product (ETP) focused on the native token of the Exchange Crypto.com, Cronos (Cro)especially used within this network for web3 applications.

The new instrument, called 21Shares Cronos ETP, It is available on bags Euronext Paris and Euronext Amsterdam Under the symbol Chron, and offers investors a regulated alternative to access this digital asset without directly handling cryptocurrencies or configure wallets or accounts on exchange platforms.

21Shares has product based on Cro

With this launch, the Zurich -based company continues to expand its catalog of products linked to cryptoactive. Its portfolio already includes ETPs backed by a variety of cryptocurrencies, which has allowed it to position itself as one of the main actors in the segment of regulated financial products for digital assets in Europe.

He 21Shares Cronos ETP It imposes an annual commission of 2.5%, a relatively standard figure within the crypto products listed in European stock markets. This rate covers the costs of custody, management and maintenance of the product by the Switzerland.

The product is designed to be accessible through traditional banks and corridors, which reduces the technical and security barriers that usually associate with the direct tenure of digital tokens.

Cronos is a network Blockchain focused on decentralized applications, DEFI and web video games. It was developed by Crypto.com and is designed to be interoperable with Ethereum and other networks compatible with the Ethereum virtual machine (EVM).

Cro, The native token of Cronos, It is used to pay commissions on the network, as well as for staking and governance. While its institutional adoption is still in an initial stage, the support of 21Shares It could encourage greater interest on the part of traditional investors.

Global strategy of 21Shares

In addition to its expansion in Europe, 21Shares He has shown interest in the US market. Recently, he presented a form S-1 before the Bag and Securities Commission (SEC) To record an ETF based on Sui, Another recent growth cryptocurrency.

This strategy suggests that the firm seeks to consolidate its position both in the most mature regulated markets and in new jurisdictions, adapting its supply to local demand and specific normative conditions.

Products such as ETP of Cronos They allow investors to access the emerging technologies growth potential without abandoning traditional investment environments. In this sense, they become an entrance door for those who wish to diversify their portfolios with exposure to cryptoactive, but within a regulated frame.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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