Key Takeaways
21Shares has listed physically backed exchange-traded products tracking Zcash and ether.fi on Euronext Paris and Amsterdam.
According to BlockchainReporter, European asset manager 21Shares listed physically backed exchange-traded products tracking Zcash and ether.fi on Euronext Paris and Amsterdam on September 22. Reported by BlockchainReporter, the Zcash product trades under the ticker ZCASH as Europe's first exchange-traded product tied to the privacy-focused cryptocurrency. The ether.fi ETP trades under the ticker ETHFI and tracks the governance and utility token of the liquid restaking protocol.
BlockchainReporter noted that both products are physically backed, meaning the issuer holds underlying cryptoassets with institutional custodians rather than replicating returns through derivatives. Both products carry a 2.5 percent annual product fee, trading in euros in Paris and U.S. dollars in Amsterdam. Custodians named in key information documents include Coinbase Custody, Zodia Custody, Anchorage Digital, and BitGo, with BitGo listed in current documentation.
BlockchainReporter stated that the Zcash ETP follows weeks after a U.S. ETF launch on NYSE Arca. Additionally, the ether.fi product packages exposure to a token for a protocol that held roughly $4.9 billion in assets in September.
Source & Fact-Check Note
https://blockchainreporter.net/21shares-launches-first-european-zcash-etp/
