Crypto News

21Shares Launches ETP for Cripto.com’s Cronos Token

21Shares launched a stock market product (ETP) in Europe, providing investors to Cripto.com exposure to Cropo Token, said the director of the property.

ETP is listed on Euroneks Paris and Amsterdam exchange, 21Shares said in a statement 6. May.

Cronos (Insert) Is block block block-1 layer connected to CRIPTO.com, centralized exchange.

The chain is designed to integrate with Ets and Cosmos ecosystems and support “Decentralized Finance (DEFs), NFTS and Web3 applications,” 21shares said.

ETP aims to provide investors a “direct way to integrate CRO in its portfolio through traditional banks and intermediaries, eliminate the need to directly manage digital wallets or exchanges,” 21shares said.

21Shares Launches ETP for Cripto.com's Cronos Token
Historical performance CRO Token. Source: Coinmarketcap

“By starting Crones ETP, we offer investors (…) regulated exposure to the Blockcain ecosystem that leads to the real world creation,” he said in a statement.

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CRO Token has a market capitalization of about $ 2.3 billion and fully diluted values ​​(FDV) of almost $ 8.7 billion, according to data from coinmarketcap.

Cronos has the total value to lock (TVL) of approximately 400 million dollars, according to data from defilas.

His Defi Ecosystem includes a cripto.com nutset ether, Cripto.com Stated Eth, which has almost $ 64 million of TVL, data is displayed.

21Shares Launches ETP for Cripto.com's Cronos Token
Cronos’ TVL. Source: Defiles

Altcoin ETFS abound

5. Maja, Vaneck property manager has submitted whether to state the exchange trading (ETF) in the US related to another and another token that is associated with the exchange.

Vaneck BNB ETF is the first proposed ETF in the American Holding BNB chain coiled token, BNB. The chain is connected to the binance, the world’s largest centralized exchange.

In the US, 21Shares proposed the CRIPTOCURRENCE ETF, including Dogecoin (Exaggerate), Polkadot (Dot) and Solana (Salt).

Property managers seek US Securities and Exchange Commission (SEC) License for the list up 70 Cryptocurrenci ETFS.

The wave of submission is the result of American President Donald Trump softening SEC proper space towards Kruptou after attending function in January.

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