- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
21Shares Debuts Cronos ETP in US Amid Altcoin Fund Frenzy
By: bitcoin ethereum news|2025/05/07 06:15:26
0
Share
In brief -21Shares debuted Tuesday a fund tracking the price of Cronos to US investors. -Cronos is a Crypto.com-backed altcoin that enables users to interact with decentralised finance platforms, NFTs, and Web3 applications. -Issuers have increasingly are aiming to offer altcoin-based funds to investors in the U.S. Investment firm 21Shares debuted an exchange-traded product on Tuesday tracking the price of Cronos—the latest addition to a growing list of proposed or recently launched altcoin-based investment offerings in the U.S., according to the company’s public statement. The ETP gives investors exposure to Cronos, without requiring them to directly hold the asset, with the goal of facilitating investments into a blockchain ecosystem that aims to drive real-world crypto adoption, 21Shares said Tuesday in its statement. Cronos is the native token of Crypto.com , which allows traders to interact with decentralised finance platforms, NFTs, and Web3 applications. It is compatible with both the Ethereum and Cosmos networks. Cronos was recently trading at $ 0.08636 , down 1.54% in the past day, according to data provider CoinMarketCap. “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,” 21Shares financial products development head Mandy Chiu said in the statement. The debut of 21Shares’ Cronos ETP comes as issuers flood federal regulators in the U.S. with applications for a variety of altcoin-based funds amid evidence of widening investor appetite for investment vehicles tracking the prices of popular cryptocurrencies. Approved last year, spot bitcoin ETFs now manage more than $100 billion in assets, while funds based on Ethereum control over $7 billion in AUM, , according to data provider CoinGlass. With the Securities and Exchange Commission warmingto the crypto industry, issuers are hoping to replicate those successes with several other digital asset-based funds such as those trackingSolana and other altcoins, includingAVAX and Sui. It also comes as Cronos gains traction with asset managers. In March, U.S. President Donald Trump’s financial-technology company Trump Media and Technology Group announced its plans to create ETFs tracking the prices of tokens such as Cronos and Bitcoin in partnership with centralized crypto exchange Crypto.com . The altcoin’s price jumped 30% to 0.10 following Trump Media’s announcement, CoinGecko data shows. Edited by James Rubin Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Source: https://decrypt.co/318148/21shares-debuts-cronos-etp-in-us-amid-altcoin-fund-frenzy
You may also like
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
App