We explore the electronic band structure of freestanding monolayers of chromium trihalides CrX 3 , X = Cl, Br, I, within an advanced ab initio theoretical approach based on the use of Green's function functionals. We compare the local density approximation with the quasiparticle self-consistent GW (QSGW) approximation and its self-consistent extension (QSG W ) by solving the particle-hole ladder Bethe-Salpeter equations to improve the effective interaction W. We show that, at all levels of theory, the valence band consistently changes shape in the sequence Cl → Br → I, and the valence band maximum shifts from the M point to the point. By analyzing the dynamic and momentum-dependent self-energy, we show that QSG W adds to the localization of the systems in comparison with QSGW, thereby leading to a narrower band and reduced amount of halogens in the valence band manifold. Further analysis shows that X = Cl is most strongly correlated, and X = I is least correlated (most bandlike) as the hybridization between Cr d and X p enhances in the direction Cl → Br → I. For CrBr 3 and CrI 3 , we observe remarkable differences between the QSGW and QSG W valence band structures, while their eigenfunctions are very similar. We show that weak perturbations, like moderate strain, weak changes to the d-p hybridization, and adding small U , can flip the valence band structures between these two solutions in these materials.