21Shares Cronos ETF

S-1 filed

21Shares Cronos ETF (the Trust) is a passive exchange-traded fund that aims to track the price of CRO tokens, the native digital asset of the Cronos blockchain. The Trust will hold CRO and value its shares daily based on a pricing benchmark, with staking rewards distributed to shareholders. The Sponsor, 21Shares US LLC, will use third-party staking services and custodians like BitGo Bank & Trust, N.A. The Trust is an emerging growth company, not registered as an investment company under the 1940 Act, and offers shares listed on a designated exchange. The offering is registered with the SEC, with an initial seed investor purchasing creation baskets of shares.