Key Takeaways
- • 21Shares launches two new physically-backed crypto ETPs: ether.fi ETP (ticker: ETHFI) and Zcash ETP (ticker: ZCASH), expanding regulated crypto exposure beyond major assets like Bitcoin and Ethereum.
- • Both products are 100% collateralized by their respective reference tokens and traded on European platforms, providing institutional investors direct exposure through traditional investment channels.
- • The expansion reflects broader market evolution toward diversified cryptocurrency products beyond first-generation assets, with 21Shares now offering 50+ listed crypto ETPs in Europe.
- • ETPs employ 21Shares' physically-backed structure, a compliance framework that has enabled the firm to pioneer staking yield integration in Ethereum products and establish industry-leading infrastructure for regulated crypto access.
Summary
21Shares, a leading provider of cryptocurrency exchange-traded products, announced the launch of two new ETPs on September 22, 2026: the ether.fi ETP (ETHFI) and the Zcash ETP (ZCASH). Both products are structured as 100% collateralized instruments backed by their respective reference tokens and listed for trading on European platforms, offering institutional and retail investors regulated exposure to these assets through traditional investment channels.
The ether.fi product tracks the performance of ether.fi tokens, while the Zcash ETP provides exposure to the privacy-focused cryptocurrency. Both offerings follow 21Shares' established framework of physically-backed ETPs, which have become standard for the firm's product line tracking individual cryptoassets. This structure ensures full collateralization and regulatory compliance, addressing institutional requirements for custody and transparency.
The launch represents a strategic shift within the broader crypto ETP market toward diversification beyond Bitcoin and Ethereum. While these two assets remain dominant, institutional demand has increasingly extended to alternative Layer 2 solutions, privacy tokens, and emerging infrastructure plays. 21Shares' expanded product suite—now comprising 50+ listed crypto ETPs in Europe—positions the firm to capture this demand across investor portfolios seeking targeted exposure.
The company has established differentiation through feature innovation, including integration of staking yield mechanisms into Ethereum products and adoption of FTSE Russell benchmarks. The ether.fi and Zcash launches continue this trajectory, reflecting market maturation toward specialized, regulated vehicles for cryptocurrency exposure.
The ether.fi product tracks the performance of ether.fi tokens, while the Zcash ETP provides exposure to the privacy-focused cryptocurrency. Both offerings follow 21Shares' established framework of physically-backed ETPs, which have become standard for the firm's product line tracking individual cryptoassets. This structure ensures full collateralization and regulatory compliance, addressing institutional requirements for custody and transparency.
The launch represents a strategic shift within the broader crypto ETP market toward diversification beyond Bitcoin and Ethereum. While these two assets remain dominant, institutional demand has increasingly extended to alternative Layer 2 solutions, privacy tokens, and emerging infrastructure plays. 21Shares' expanded product suite—now comprising 50+ listed crypto ETPs in Europe—positions the firm to capture this demand across investor portfolios seeking targeted exposure.
The company has established differentiation through feature innovation, including integration of staking yield mechanisms into Ethereum products and adoption of FTSE Russell benchmarks. The ether.fi and Zcash launches continue this trajectory, reflecting market maturation toward specialized, regulated vehicles for cryptocurrency exposure.
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