21Shares simultaneously launches physically backed Zcash and ETHFI ETPs in Europe
BIBIBI
AT A GLANCE
21Shares listed physically backed ZEC and ETHFI ETPs on Euronext Paris and Amsterdam, both with an annual management fee of 2.5%.
Article
21Shares launches Europe’s first Zcash ETP and an ETHFI ETP
PANews, September 23 — According to Cointelegraph, European asset manager 21shares simultaneously launched two physically backed cryptocurrency ETPs on Euronext Paris and Amsterdam, including Europe’s first Zcash (ZEC) ETP and an ETP tracking Ether.fi’s governance and utility token ETHFI. Both products hold spot tokens in custody, providing investors with a way to hold ZEC and ETHFI without directly holding the assets. The annual management fee is 2.5%, significantly higher than that of most Bitcoin and Ethereum products in Europe. The report noted that Grayscale had previously launched a Zcash ETF in the United States (ticker ZCSH). The increase in related products in the European and U.S. markets reflects growing interest among regulated institutional investors in the privacy coin Zcash...
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Key points
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21Shares launches Europe’s first Zcash ETP and an ETHFI ETP
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PANews, September 23 — According to Cointelegraph, European asset manager 21shares simultaneously launched two physically backed cryptocurrency ETPs on Euronext Paris and Amsterdam, including Europe’s first Zcash (ZEC) ETP and an ETP tracking Ether.fi’s governance and utility token ETHFI. Both products hold spot tokens in custody, providing investors with a way to hold ZEC and ETHFI without directly holding the assets. The annual management fee is 2.5%, significantly higher than that of most Bitcoin and Ethereum products in Europe. The report noted that Grayscale had previously launched a Zcash ETF in the United States (ticker ZCSH). The increase in related products in the European and U.S. markets reflects growing interest among regulated institutional investors in the privacy coin Zcash...
The following is analysis, separate from reported facts. Verify important claims independently.
No additional explanation is available beyond the summary.
Why it matters to readers
The report was relayed by a professional media outlet from Cointelegraph and contains specific information on the issuer, listing venues, product structure, and fees, but the provided material has not been cross-checked against announcements from 21Shares or the exchanges. The products provide new regulated investment channels for ZEC and ETHFI, but neither is on the watchlist, and the 2.5% fee may limit investor appeal.
Follow subsequent official information and do not make decisions based on a single report.
Risks and unknowns
Formal product announcements and tickers from 21Shares or Euronext
Trading volume, assets under management, and net subscription data after the launch of the two ETPs
Regulatory changes in Europe concerning privacy coins and related investment products
