21Shares has listed Europe’s first Zcash exchange-traded product on Euronext Paris and Amsterdam, charging a 2.5% annual fee. The physically backed ETP launched as ZEC traded above $1,600. The Zcash product trades under ticker ZCASH and ISIN CH1608218801, with underlying coins held by third-party custodians. 21Shares simultaneously introduced a physically backed ether.fi ETHFI ETP, also carrying a 2.5% annual fee. ZEC’s price recently climbed to about $1,629, giving it a market capitalization near $27 billion and ninth place among crypto assets. Growing shielded-pool usage and recent US ETF developments suggest expanding investor interest.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.