Crypto Asset Manager 21Shares has launched a new Exchange-Traded Product (ETP) that offers investors regulated exposure to the native token of Cronos, a layer 1 network developed by crypto.com, for web3 applications.

21Shares Cronos ETP, which trades under Ticker Cron, is listed on Euronext Paris and Euronext Amsterdam. It has an annual fee of 2.5% and gives exposure to CRO.

The product allows investors to add CRO exposure to their portfolios through brokers and banks without handling crypto cartoons or exchanges.

This is the latest addition to the Zürich-based company’s growing list of crypto-bound ETPs that already cover different cryptocurrencies. Swiss Asset Manager has also moved to expand his offer in the US with a recent S-1 registration form for a SUI ETF.

The price of CRO is down to about 1.4% by the day in line with a wider market movement of cryptocurrency.