According to the May 6 statement, the product enables exposure to CRO via traditional banks and brokers, removing the need for direct crypto wallet or exchange handling.

“With the Cronos ETP, we’re providing investors with regulated access to a blockchain ecosystem that is seeing real-world adoption,” said Mandy Chiu, Head of Product Development at 21Shares.

Cronos Ecosystem and Market Outlook

Cronos is a layer-1 blockchain that integrates with Ethereum and Cosmos, supporting DeFi, NFTs, and Web3 applications. Backed by Crypto.com, Cronos has a market cap of $2.3 billion and a fully diluted valuation of nearly $8.7 billion, according to CoinMarketCap.

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Data from DeFiLlama shows Cronos’ total value locked (TVL) stands at around $400 million. One of its core products, Crypto.com Staked ETH, accounts for nearly $64 million in TVL.

Surge In Altcoin Investment Products

Just a day earlier, VanEck filed in the US to launch an ETF for BNB, the native token of the Binance-affiliated BNB Chain. This marks the first US ETF filing for BNB.

21Shares has also submitted ETF proposals for Dogecoin, Polkadot, and Solana in the United States. In total, the SEC is reviewing over 70 cryptocurrency ETF applications.

The recent wave of filings follows President Donald Trump’s shift toward a more crypto-friendly regulatory stance, significantly easing industry expectations around ETF approvals.

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The post 21Shares Launches ETP for Crypto.com’s Cronos (CRO) in Europe appeared first on Coin Engineer.