21Shares Launches First Zcash ETP and ETHFI ETP

21Shares has launched two physically-backed cryptocurrency ETPs on Euronext Paris and Amsterdam, including Europe’s first Zcash (ZEC) ETP and an ETP tracking the governance and utility token ETHFI of ether.fi. Both products provide investors with a way to hold ZEC and ETHFI without directly holding the tokens, through the custody of spot tokens, with an annual management fee of 2.5%, higher than most Bitcoin and Ethereum products. Previously, Grayscale launched a Zcash ETF (ticker ZCSH) in the U.S., and the increase in related products in the U.S. and European markets reflects growing interest from institutional investors in the privacy coin Zcash.

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