Crypto.com and 21Shares seek to facilitate regulated access to CRO cryptocurrency.
CRO would join bitcoin, ether, XRP, solana and other cryptocurrencies with a presence in ETFs.
Cronos (CRO), the cryptocurrency issued by the Crypto.com exchange, is heating up its engines to take off from Wall Street.
Yesterday, December 8, the exchange and 21Shares, a company that issues investment products, announced a partnership to launch a cronos exchange-traded fund (ETF).
Eric Anziani, president and chief operating officer of Crypto.com, highlighted that the aim of the alliance with 21Shares is “offering more ways for traders to interact with digital assets is fundamental to our vision of greater integration of cryptocurrency.”
The arrival of these regulated products will promote—if successful— CRO exposure among traditional investors and will bring more liquidity to the ecosystem.
In addition, ETFs facilitate the entry of corporate capital, since their operation works in a similar way to the purchase of a common share, as explained by CriptoNoticias.
If this initiative is approved, CRO would be joining bitcoin (BTC), XRP, solana (SOL), dogecoin (DOGE) and other cryptocurrencies with a presence in this type of financial instruments.