21Shares launches ETP for cronos (Cro) from Crypto.com
21Shares has launched a stock market-traded product (ETP) in Europe that offers investors engagement in the cronos tokens of Crypto.com, according to the asset manager.
The ETP is listed on the Euronext exchanges in Paris and Amsterdam, so 21Shares in a message dated May 6th.
Cronos (CRO) is a layer 1 blockchain network that is connected to Crypto.com, a centralized stock exchange.
The chain is designed in such a way that it can be integrated into the Ethereum and Cosmos ecosystem and supports “Defi, NFTS and Web3 applications”, according to 21Shares.
The ETP is intended to offer investors an “uncomplicated way to integrate CRO through conventional banks and brokers into their portfolios without having to deal directly with digital wallets or stock exchanges,” said 21 shares.
“By introducing a cronos ETP, we offer investors (…) a regulated commitment in a blockchain ecosystem that drives acceptance in the real world,” said Mandy Chiu, head of financial product development in 21shares.
The cro token has loud Data From CoinmarketCAP a market capitalization of around $ 2.3 billion and a fully diluted value (FDV) of almost $ 8.7 billion.
After Declarations From Defillama, Cronos has a locked total value (TVL) of around $ 400 million.
His defi ecosystem includes the Crypto.com, Crypto.com Staked ETH liquid, Crypto.com, which, according to the data, has a TVL of almost $ 64 million.
Many altcoin ETFs
On May 5, the asset manager Vaneck applied for the listing of a stock market -traded fund (ETF) in the USA, which is bound to another token related to an exchange.
The Vaneck BNB ETF is the first ETF proposal in the USA, which includes the native tokens of BNB Chain, BNB. The Chain is connected to Binance, the world's largest centralized stock exchange.
In the United States, 21share ETFs have proposed that cryptocurrencies such as Dogecoin (DOGE), Polkadot (DOT) and Solana (SOL) contain.
Asset managers have up to 70 cryptocurrency ETFs at the US stock exchange supervisory authority (SEC) requested.
U.S. President Donald Trump softened the regulatory attitude of the SEC compared to cryptocurrencies after taking office in January, which led to this amount of applications.
