21shares announces launch of ether.fi ETP and Zcash ETP
21shares launched two crypto ETPs: ether.fi ETP (ETHFI) and Zcash ETP (ZCASH), both physically backed and trading on European exchanges. ETHFI offers exposure to ether.fi's token, while ZCASH focuses on financial privacy and post-quantum security. The ETPs aim to simplify crypto investment by eliminating technical barriers.
How this was made

The 30-second read
Why it matters
Provides regulated, custodial exposure to two privacy‑oriented crypto assets, potentially attracting institutional capital.
Market read
New ETPs may increase crypto exposure via traditional channels, modestly influencing European crypto product demand.
What to watch
Regulatory scrutiny of crypto ETPs could affect future listings.
Background
21shares expands its crypto ETP lineup with ether.fi and Zcash products, targeting European investors.
Market effects
Adds new crypto ETP options, may boost European crypto exposure products.
European exchange listings see incremental product diversification.
Limited to crypto‑focused investors; modest global impact.
Counterpoint
ETP demand remains niche; investors may prefer direct token holdings.
Key entities
- company21shares
Private provider of crypto exchange‑traded products.
- crypto_assetether.fi
Governance token of the ether.fi protocol.
- crypto_assetZcash
Privacy‑focused cryptocurrency.


