Overview
21Shares, a prominent crypto asset management firm, has unveiled a new exchange-traded product (ETP) focused on the native token of the Cronos network, known as CRO. This product is designed for investors wishing to gain access to CRO without the complexities of managing cryptocurrencies directly.
Key Details:
- The ETP is listed on Euronext Paris and Euronext Amsterdam.
- An annual fee of 2.5% applies, offering investors regulated exposure to CRO.
- This initiative targets those looking to diversify portfolios through traditional brokerage and banking channels, sidestepping the need for crypto wallets.
Market Context
The value of CRO has dipped approximately 1.4% today, mirroring trends in the overall cryptocurrency market.
