21Shares launches physically-backed Zcash and ether.fi ETPs on Euronext Paris and Amsterdam with 2.5% annual fees.
Regulation & Gov ·
European asset manager 21Shares launched physically backed exchange-traded products tracking Zcash and ETHFI on Euronext Paris and Amsterdam, marking the region's first ETP for the privacy coin. Both products carry an annual management fee of 2.5%. The Zcash product follows the earlier debut of the Grayscale Zcash ETF in the United States, broadening institutional access to the asset across major markets.
The timing reflects Zcash's strong performance over the past year, which has seen the token gain nearly 1,100% according to available data. This surge has renewed discussion around Zcash's positioning relative to other cryptocurrencies, with some analysts highlighting potential advantages it may hold in competition with established alternatives. The listing also signals growing issuance activity beyond Bitcoin and Ether products in European regulated venues.
What remains unclear is the extent of institutional adoption these products will generate and whether the 2.5% fee structure—notably higher than many Bitcoin and Ether ETPs in Europe—will attract significant capital flows. The longer-term impact on Zcash's network activity and mining operations remains to be seen.