Zcash gets first European ETP following US ETF launch

European asset manager 21shares has listed the region's first physically backed Zcash exchange-traded product on Euronext Paris and Amsterdam, enabling brokerage exposure to ZEC without direct custody. The firm also introduced a physically backed ETP for ETHFI, the governance token of the Ether.fi protocol; both products carry a 2.5% annual management fee.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished about 1 hour agoUpdated about 1 hour ago0 views

Zcash gets first European ETP following US ETF launch

Why It Matters

The listings mark a widening of regulated crypto investment options in Europe beyond major assets like Bitcoin and Ether, and follow the launch of a Zcash ETF in the U.S., indicating growing institutional attention to the privacy coin. The moves come amid a strong price rally and increased mining activity for Zcash.

Key Facts

Issuer: 21shares
Products listed: Physically backed Zcash ETP and physically backed ETHFI ETP
Exchanges: Euronext Paris and Euronext Amsterdam
Annual management fee: 2.5% for both ETPs
U.S. equivalent: Grayscale Zcash ETF trading on NYSE Arca under ticker ZCSH

21shares has launched what it describes as Europe’s first exchange-traded product tied to Zcash, listing a physically backed ZEC ETP on Euronext Paris and Amsterdam. The product is designed to let investors obtain exposure to Zcash through brokerage accounts without the need to hold the underlying cryptocurrency directly.

Alongside the ZEC product, 21shares rolled out a physically backed ETP tracking ETHFI, the governance and utility token of Ether.fi, a decentralized finance protocol that provides staking and other services. Both listings trade on Euronext Paris and Amsterdam and carry an identical annual management fee of 2.5%, which is higher than the fees commonly charged by many European Bitcoin and Ether investment products.

The Zcash ETP follows the introduction of a Zcash fund in the United States: Grayscale’s Zcash ETF, which trades on NYSE Arca under the ticker ZCSH. Market participants and issuers have cited the coin’s sharp performance over the past year as a factor behind growing institutional interest. CoinMarketCap data referenced by the source shows Zcash rallied to above $1,500 and appreciated by nearly 1,100% over the prior 12 months.

Interest in Zcash has also been visible on the mining side. Fortitude Digital Mining reported it produced roughly 28% of all ZEC mined in the first half of 2026, highlighting substantial operational scale on the Zcash network. The combination of product listings, price gains and mining concentration underscores expanding attention to Zcash across both investment and infrastructure participants.