Key Takeaways
- • 21Shares listed physically backed exchange-traded products (ETPs) for Zcash (ZEC) and Ether.fi's ETHFI token on Euronext Paris and Amsterdam on September 23, 2026, marking Europe's first Zcash ETP offering.
- • The Zcash ETP carries a 2.50% annual product fee and holds the ISIN designation CH1608218801, providing European investors regulated access to ZEC exposure without direct cryptocurrency custody.
- • These listings represent 21Shares' expansion into alternative digital assets beyond Bitcoin and Ethereum, following the firm's earlier U.S. Zcash ETF launch and reflecting growing institutional demand for privacy-focused and DeFi-related cryptocurrency products.
- • The dual listing on two major European exchanges (Euronext Paris and Amsterdam) facilitates cross-border institutional and retail access to both ZEC and ETHFI within a regulated ETF framework.
Summary
21Shares, a prominent cryptocurrency asset manager, launched physically backed exchange-traded products tied to Zcash and Ether.fi's ETHFI token on Euronext Paris and Amsterdam on Tuesday, September 23, 2026. The Zcash ETP represents the first European product offering exposure to ZEC, following 21Shares' earlier launch of a Zcash ETF in the United States. The simultaneous listing of both products on two major European trading venues provides European institutional and retail investors with regulated access to these digital assets without requiring direct custody or self-management of private keys.
The Zcash ETP is structured as a physically backed product, meaning it holds actual ZEC reserves rather than derivatives or futures contracts, offering direct on-chain exposure. The product carries a 2.50% annual fee and is registered under ISIN CH1608218801, enabling listing across regulated European exchanges. Similarly, the ETHFI ETP provides exposure to Ether.fi's token, expanding 21Shares' product suite into the decentralized finance ecosystem. The dual-exchange listing on both Euronext Paris and Amsterdam ensures liquidity and accessibility across major European financial centers.
This product launch demonstrates accelerating institutional adoption of alternative cryptocurrency assets beyond Bitcoin and Ethereum, particularly within privacy-focused protocols like Zcash and emerging DeFi platforms. By offering regulated, tax-efficient ETP wrappers through established European exchanges, 21Shares enables institutional investors and family offices to gain cryptocurrency exposure through familiar securities infrastructure rather than alternative venue trading or direct holdings. The launches align with broader regulatory clarity in Europe regarding cryptocurrency products and reflect sustained investor appetite for diversified digital asset exposure within compliant frameworks.
The Zcash ETP is structured as a physically backed product, meaning it holds actual ZEC reserves rather than derivatives or futures contracts, offering direct on-chain exposure. The product carries a 2.50% annual fee and is registered under ISIN CH1608218801, enabling listing across regulated European exchanges. Similarly, the ETHFI ETP provides exposure to Ether.fi's token, expanding 21Shares' product suite into the decentralized finance ecosystem. The dual-exchange listing on both Euronext Paris and Amsterdam ensures liquidity and accessibility across major European financial centers.
This product launch demonstrates accelerating institutional adoption of alternative cryptocurrency assets beyond Bitcoin and Ethereum, particularly within privacy-focused protocols like Zcash and emerging DeFi platforms. By offering regulated, tax-efficient ETP wrappers through established European exchanges, 21Shares enables institutional investors and family offices to gain cryptocurrency exposure through familiar securities infrastructure rather than alternative venue trading or direct holdings. The launches align with broader regulatory clarity in Europe regarding cryptocurrency products and reflect sustained investor appetite for diversified digital asset exposure within compliant frameworks.
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