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financefeeds.comSEP 232 min read

21Shares Launches Europe’s First Zcash ETP Alongside ETHFI Product on Euronext

21Shares launched two crypto ETPs on Euronext: Zcash (ZCASH, ISIN CH1608218801) and ether.fi (ETHFI, ISIN CH1608218819). Both are physically backed, trade in EUR/USD, and have a 2.50% annual fee. ZCASH had $100,212 AUM, 5,000 securities, and a $20.04 NAV at launch. ETHFI had $99,612 AUM, 5,000 securities, and a $19.92 NAV. The products provide regulated exposure to Zcash and ether.fi's DeFi platform.

Original reporting
financefeeds.com
Published Sep 23, 2026, 7:10 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 23, 2026, 7:36 AM UTC. Informational, not investment advice.
How this was made
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21Shares Launches Europe’s First Zcash ETP Alongside ETHFI Product on Euronext — source image
Source · financefeeds.com
Decision brief

The 30-second read

Low
01

Why it matters

The products provide regulated, exchange‑listed exposure to Zcash and ether.fi, potentially attracting institutional capital to these assets.

02

Market read

First regulated European wrappers for Zcash and ether.fi, expanding crypto ETP market.

03

What to watch

High 2.5% annual fee and custody arrangements could affect investor appetite.

Relevance 6/10Novelty 7/10Timing: launch day

Background

21Shares introduced Europe's first Zcash ETP and an ETHFI ETP, both physically backed and listed on Euronext.

Market effects

Sector

Expands regulated crypto exposure in Europe, may boost demand for crypto ETPs.

Regional

Adds new Zcash and ETHFI investment options on Euronext Paris and Amsterdam.

Global

Highlights growing institutional interest in privacy-focused and DeFi tokens.

Counterpoint

What could challenge this read

Limited assets under management suggest modest immediate impact; investors may prefer direct crypto holdings.

Key entities

  • company
    21Shares

    Zurich‑based digital‑asset manager launching the ETPs.

  • cryptocurrency
    Zcash

    Privacy‑focused crypto now available via the ZCASH ETP.

  • cryptocurrency
    ether.fi

    DeFi token tracked by the ETHFI ETP.

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