21Shares Lists First European Zcash ETP on Euronext Exchanges

Asset manager 21Shares has launched Europe’s first exchange-traded product for Zcash, alongside a new ETP for Ether.fi’s ETHFI token, on Euronext Paris and Amsterdam.

The physically backed Zcash ETP provides investors with exposure to the privacy-focused cryptocurrency ZEC without direct custody. The launch follows the recent debut of a Grayscale Zcash ETF in the United States, signaling growing institutional interest in the asset.

21Shares simultaneously listed a physically backed ETP for ETHFI, the governance token of the Ether.fi liquid staking protocol. Both new products carry an annual management fee of 2.5%.

The move comes as Zcash has seen significant price appreciation, gaining nearly 1,100% over the past year and recently surpassing $1,500. Grayscale research head Zach Pandl has suggested Zcash could leverage “second-mover advantages” against Bitcoin‘s network effects.