21Shares launches ETP for Crypto.com's Cronos token
21Shares has launched an exchange-traded product (ETP) in Europe for Crypto.com’s Cronos token (CRO), listed on Euronext’s Paris and Amsterdam exchanges. Cronos is a layer-1 blockchain network designed to integrate with Ethereum and Cosmos, supporting decentralized finance (DeFi), NFTs, and Web3 applications. The ETP allows investors to incorporate CRO into their portfolios through traditional banks and brokers without managing digital wallets or exchanges. The CRO token has a market capitalization of approximately $2.3 billion and a fully diluted value of nearly $8.7 billion. Cronos has a total value locked (TVL) of around $400 million, with Crypto.com’s liquid Ether staking token contributing nearly $64 million in TVL. Additionally, VanEck has filed to list a BNB ETF in the US, marking the first ETF tied to Binance's native token. Asset managers are seeking SEC approval for around 70 cryptocurrency ETFs following a shift in regulatory posture.
