This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
21Shares AG has introduced a regulated Exchange-Traded Product (ETP) for Cronos (CRO), enabling institutional investors to gain exposure to Web3 without managing crypto wallets. The launch coincides with a surge in CRO’s price amid growing market anticipation ahead of the Fed’s rate decision. This move highlights the increasing convergence of traditional finance and decentralized ecosystems.
- The Cronos ETP (CRON) is now tradable on Euronext Paris and Amsterdam, providing regulated exposure to CRO with a 2.5% annual fee.
- CRO’s price surged 4.20% in 24 hours, partly due to institutional interest and anticipation of the Fed’s rate decision.
- Cronos plans to reissue 70B burned CRO tokens to establish a strategic reserve, aiming to boost long-term ecosystem growth.
📎 Related coverage from: crypto-news-flash.com