21Shares launches Cronos ETF for Institutional Access to Web3

21Shares has launched a new exchange-traded product (ETP) offering access to the Cronos blockchain network, now available for institutional investors on Euronext Paris and Amsterdam. The CRON ticker will be featured with a 2.5% fee. This move simplifies participation in the fast-growing Web3 ecosystem for institutions, eliminating the need for wallet management or direct exchange involvement. Mandy Chiu, 21Shares’ head of product development, describes Cronos as bridging centralized access and decentralized innovation, positioning it at the forefront of the Web3 landscape.