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21Shares Drops Crypto.com Cronos ETP—Because What’s a Bull Market Without More Derivatives?
21Shares Drops Crypto.com Cronos ETP—Because What’s a Bull Market Without More Derivatives?
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Swiss fintech firm 21Shares just unleashed another crypto ETP—this time tracking Crypto.com’s Cronos token. Because clearly, the market needed another way to bet on altcoin volatility.
The product launches as institutional players keep scrambling to package every blockchain token into tradable instruments. Never mind that Cronos has underperformed Bitcoin by 62% this year—Wall Street’s financialization machine waits for no coin.
For traders: This gives regulated exposure to CRO without dealing with Crypto.com’s occasionally shaky app. For skeptics: It’s another reminder that crypto’s ’decentralized’ future increasingly runs through traditional finance backdoors.
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