{"id":128715,"date":"2025-05-06T21:15:32","date_gmt":"2025-05-06T21:15:32","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128715"},"modified":"2025-05-06T21:15:32","modified_gmt":"2025-05-06T21:15:32","slug":"21shares-launches-etp-for-crypto-coms-cronos-token","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128715","title":{"rendered":"21Shares launches ETP for Crypto.com&#039;s Cronos token"},"content":{"rendered":"<p>Source: Cointelegraph.com News21Shares has launched an exchange traded product (ETP) in Europe, providing investors with exposure to Crypto.com\u2019s Cronos token, the asset manager said.\u00a0<br \/>\nThe ETP is listed on Euronext\u2019s Paris and Amsterdam exchanges, 21Shares said in a May 6 announcement.\u00a0<br \/>\nCronos (CRO) is a layer-1 blockchain network affiliated with Crypto.com, a centralized exchange.\u00a0<br \/>\nThe chain is designed to integrate with the Ethereum and Cosmos ecosystems and support \u201cdecentralised finance (DeFi), NFTs, and Web3 applications,\u201d 21Shares said.\u00a0<br \/>\nThe ETP aims to provide investors with a \u201cstraightforward way to integrate CRO into their portfolios through traditional banks and brokers, eliminating the need to directly handle digital wallets or exchanges,\u201d 21Shares said.\u00a0<br \/>\nThe CRO token\u2019s historical performance. Source: CoinMarketCap\u201cBy launching a Cronos ETP, we are offering investors  regulated exposure to a blockchain ecosystem that is driving real-world adoption,\u201d Mandy Chiu, 21Shares\u2019 head of financial products development, said in a statement.<br \/>\nRelated: Standard Chartered sees BNB more than doubling in 2025<br \/>\nThe CRO token has a market capitalization of approximately $2.3 billion and a fully diluted value (FDV) of nearly $8.7 billion, according to data from CoinMarketCap.\u00a0<br \/>\nCronos has a total value locked (TVL) of approximately $400 million, according to data from DeFiLlama.\u00a0<br \/>\nIts DeFi ecosystem includes Crypto.com\u2019s liquid Ether staking token, Crypto.com Staked ETH, which has nearly $64 million in TVL, the data shows.\u00a0<br \/>\nCronos\u2019 TVL. Source: DeFiLlamaAltcoin ETFs abound<br \/>\nOn May 5, asset manager VanEck filed to list an exchange-traded fund (ETF) in the US tied to yet another exchange-affiliated token.\u00a0<br \/>\nThe VanEck BNB ETF is the first proposed ETF in the US holding BNB Chain\u2019s native token, BNB. The chain is affiliated with Binance, the world\u2019s largest centralized exchange.\u00a0<br \/>\nIn the US, 21Shares has proposed ETFs holding cryptocurrencies including Dogecoin (DOGE), Polkadot (DOT), and Solana (SOL).\u00a0<br \/>\nAsset managers are seeking the US Securities and Exchange Commission\u2019s (SEC) permission to list upward of 70 cryptocurrency ETFs.\u00a0<br \/>\nThe wave of filings has come as a result of US President Donald Trump softening the SEC\u2019s regulatory posture toward crypto after taking office in January.<br \/>\nMagazine:\u00a0Solana \u2018will be a trillion-dollar asset\u2019: Mert Mumtaz, X Hall of Flame<a href=\"https:\/\/cointelegraph.com\/news\/21-shares-launches-cronos-etp?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com News21Shares has launched an exchange traded product (ETP) in Europe, providing investors with exposure to Crypto.com\u2019s Cronos token, the asset manager said.\u00a0 The ETP is listed on Euronext\u2019s&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128715"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128715"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128715\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128715"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}