21Shares, a major player in the crypto asset management space, has launched a new exchange-traded product (ETP) designed to offer regulated exposure to CRO, the native token of Cronos, the Layer 1 blockchain developed by Crypto.com for Web3 applications.

The 21Shares Cronos ETP, trading under the ticker CRON, is now available on Euronext Paris and Euronext Amsterdam. With a 2.5% annual fee, the product allows investors to gain access to CRO through traditional brokers and banks, eliminating the need for managing crypto wallets or exchanges.

This move adds to 21Shares’ expanding lineup of crypto-linked ETPs, already covering a variety of digital assets. Additionally, the Swiss asset manager is working to expand its footprint in the U.S., having recently filed an S-1 for a SUI ETF.

The price of CRO has fallen about 1.4% on the day, in line with broader market trends within the cryptocurrency space.