21Shares Launches First European Zcash ETP Alongside ether.fi Product
21Shares launched physically backed ETPs tracking Zcash (ZEC) and ether.fi (ETHFI) on Euronext Paris and Amsterdam. The Zcash ETP (ticker ZCASH) is the first of its kind in Europe, while the ether.fi ETP (ticker ETHFI) tracks the governance and utility token of the liquid restaking protocol. Both ETPs are physically backed, charge a 2.5% annual fee, and trade in euros and U.S. dollars.
How this was made
The 30-second read
Why it matters
The launch provides institutional‑grade access to Zcash and ether.fi, likely increasing liquidity and price support for both tokens.
Market read
First European regulated products for ZEC and ETHFI, opening new capital sources and potentially lifting token prices.
What to watch
Custodian risk and regulatory scrutiny of privacy coins may affect long‑term adoption.
Background
21Shares, a European asset manager, listed two physically‑backed ETPs on Euronext Paris and Amsterdam, expanding regulated crypto products.
Ticker impact
21Shares launched the first European physically‑backed Zcash ETP, giving regulated exposure to ZEC.
Potential short‑term price uplift as investors shift to the ETP.
First European product, low supply and fee premium attract institutional and retail buyers.
Market effects
Expands the regulated crypto‑ETP sector in Europe, encouraging further product launches.
Boosts European crypto exposure, may attract EU‑based institutional capital.
Adds a new regulated channel for ZEC and ETHFI, potentially influencing global demand.
Counterpoint
High fees and limited AUM could deter investors, limiting price impact.
Key entities
- Asset Manager21Shares
Issuer of the new Zcash and ether.fi ETPs.
- CryptocurrencyZcash
Privacy‑focused coin now available via a European ETP.
- Cryptocurrencyether.fi
Governance token of the liquid restaking protocol, now offered through an ETP.
