Zcash gets first European ETP following US ETF launch
21shares listed physically backed ZEC and ETHFI products on Euronext Paris and Amsterdam, as issuers broaden their offerings beyond major cryptocurrencies.
21shares listed physically backed ZEC and ETHFI products on Euronext Paris and Amsterdam, as issuers broaden their offerings beyond major cryptocurrencies.
European asset manager 21shares has launched the region’s first exchange-traded product tied to Zcash, extending the privacy coin’s reach into regulated markets following its strong performance over the past year.
On Tuesday, 21shares listed its physically backed Zcash ETP on Euronext Paris and Amsterdam, allowing investors to gain exposure to ZEC through brokerage accounts without holding the cryptocurrency directly.
Both ETPs carry an annual management fee of 2.5%, well above the fees charged by many Bitcoin and Ether investment products in Europe.