21shares Introduces Europe’s First Zcash ETP Amid Growing Institutional Interest

European asset manager 21shares has launched the region’s first exchange‑traded product (ETP) linked to Zcash (ZEC), listing it on Euronext Paris and Amsterdam. The product is physically backed, allowing investors to gain exposure to ZEC through traditional brokerage accounts without holding the cryptocurrency directly.

Additional Offering: ETHFI ETP

Alongside the Zcash ETP, 21shares introduced an ETP tracking ETHFI, the governance and utility token of the Ether.fi decentralized finance protocol. The ETHFI product is also physically backed and trades on the same Euronext venues.

Fees and Market Context

Both ETPs carry an annual management fee of 2.5%, which is higher than many Bitcoin and Ether investment products available in Europe.

Regulatory Landscape

The Zcash ETP follows the launch of the Grayscale Zcash ETF in the United States, which trades on NYSE Arca under the ticker ZCSH. The parallel introduction of Zcash products in the US and Europe reflects expanding institutional interest in the privacy‑focused coin.

Zcash Performance Highlights

• Zcash has risen above $1,500, marking an approximate 1,100% gain over the past year.
• Analysts have noted Zcash’s potential as a Bitcoin alternative, citing possible “second‑mover advantages.”

Mining Activity

Fortitude Digital Mining reported that it mined roughly 28% of all ZEC produced in the first half of 2026, emphasizing the coin’s proof‑of‑work model, capped supply, and privacy features.