Ethereum, Zcash ETPs from 21shares Now Listed on Paris, Amsterdam Exchanges
21shares, a Swiss asset management company, has launched two new exchange-traded products (ETPs) that track Ethereum's native token ETHFI and Zcash's native token ZEC. The ETPs, called '21shares ether.fi ETP' ($ETHFI) and '21shares Zcash ETP' ($ZCASH), are now listed on the French stock exchange Euronext Paris and the Dutch stock exchange Euronext Amsterdam.
The ETPs will have an annual product fee of 2.50% each, with trading currencies set to euros for Paris and US dollars for Amsterdam. This move comes as the company continues to expand its offerings in the crypto space.
Additionally, Grayscale, a US-based cryptocurrency asset management firm, announced on September 18th that it would be implementing a 3:1 share split for its Zcash ETP (ZCSH), allowing investors to triple their holdings. However, this is not directly related to the launch of 21shares' new ETPs.