21Shares Expands Web3 Access with New Cronos ETP Launch

Swiss crypto ETP pioneer 21Shares just bulldozed another barrier to Web3 adoption. Their new Cronos exchange-traded product (ETP) gives institutional investors a compliant on-ramp to the Cosmos-powered ecosystem—no wallet headaches, just ticker symbol CRO.

The move strategically positions 21Shares as the bridge between TradFi and decentralized applications, capitalizing on Cronos’ EVM compatibility and booming DeFi TVL. Traders get exposure without self-custody risks—Wall Street’s favorite kind of crypto play.

Another calculated step toward mass adoption, or just another product for hedge funds to arbitrage? Either way, the Web3 infrastructure stack keeps attracting big-money players.

21Shares debuts Cronos ETP to unlock Web3 infrastructure investment

What connects the EVM ecosystem with one of the world’s leading crypto exchanges? 🔍

Meet Cronos — the 21Shares Cronos ETP, now listed on Euronext Amsterdam (USD) and Paris (EUR).

Tap into scalable Web3 with Cronos’ multi-layer architecture. Visit our website to learn more:… pic.twitter.com/3AtDsMYeci

— 21Shares (@21Shares) May 6, 2025

Switzerland’s 21Shares launched Cronos ETP (ticker: CRON), a new product that allowed regulated investment supported by the Cronos blockchain.

According to 21Shares AG, the Cronos ETP will provide investors with a straightforward way to integrate CRO into their portfolios through traditional banks and brokers without the need to handle digital wallets or exchanges directly. Cronos benefits from a strong network and offers an investment opportunity focusing on scalability, interoperability, and AI-driven applications.

Eric Anziani, the President and COO of Crypto.com–a long-time supporter and contributor to the Cronos ecosystem–said partnering with 21Shares enabled even more exposure to Cronos and Web3 infrastructure. Anzani added that providing more ways for traders to engage with crypto was central to his company’s vision of ‘further mainstreaming crypto.’

“By launching a Cronos ETP, we are offering investors easy, regulated exposure to a blockchain ecosystem that is driving real-world adoption and pioneering the future of Web3.”

–Mandy Chiu, Head of Financial Products Development at 21Shares

Chiu also said Cronos was positioned at the intersection of centralized access and decentralized innovation, thus providing more ways for traders to engage with crypto, according to Eric Anziani, the President and COO of Crypto.com.

21Shares launches three ETPs to expand its European presence

The Zurich-based Financial Institution recently announced listing three ETPs on Nasdaq Stockholm to expand its European footprint further. The newly listed 21Shares products included the Bitcoin Core ETP (CBTC), the Solana Staking ETP (ASOL), and the XRP ETP (AXRP). According to the 21Shares team, these listings highlighted the firm’s commitment to providing European investors with transparent and regulated access to crypto.

The 21Shares Bitcoin Core ETP (CBTC) offers 100% physically-backed exposure to Bitcoin (BTC) and features one of the lowest management fees available at just 0.21%. The 21Shares Solana Staking ETP (ASOL) provides physically-backed exposure to Solana, capturing staking yields for enhanced returns while tapping into blockchain innovations across gaming, finance, and identity protection. The 21Shares XRP ETP (AXRP), which is fully backed by XRP, offers investors transparent and regulated exposure to XRP’s role in cross-border payments.

Chiu said as institutional adoption of crypto-asset ETPs accelerated and regulatory clarity strengthened across Europe, 21Shares remained committed to expanding its product offerings to meet growing investor demand. She added that 2025 represented a ‘breakthrough moment’ for crypto in Europe, with increasing confidence driven by the MiCA regulatory framework and a significant rise in institutional participation. Chiu also claimed that the firm’s presence on Nasdaq Stockholm reflected its ‘ambition to simplify crypto investing’ for European investors.

Helena Wedin, the Head of ETF and ETP (European Markets) at Nasdaq, also said the exchange was pleased to provide investors with more locally listed, cost-efficient, and innovative products as the market for crypto ETPs continues to expand.

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