21Shares Launches Europe's First Zcash ETP Alongside ETHFI Product

21Shares has launched two new cryptocurrency exchange-traded products on Euronext Paris and Amsterdam, providing investors with regulated access to Zcash (ZEC) and ETHFI. The Zurich-based digital-asset manager introduced the 21Shares Zcash ETP (ZCASH) and 21Shares ether.fi ETP (ETHFI) on September 22, both of which are physically backed by their respective cryptocurrencies.

The Zcash product trades under ticker ZCASH and carries ISIN CH1608218801. Unlike a futures-based product, the ETP is physically backed, meaning ZEC tokens corresponding to the product are held with institutional custodians such as BitGo.

The annual management fee for both products is 2.50%. The Zcash ETP had approximately $100,212 in assets under management, 5,000 securities outstanding and a NAV of $20.04 per unit on September 21, its inception date.