Zcash gets first European ETP following US ETF launch
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
European asset manager 21shares launched the first European exchange-traded product (ETP) tied to Zcash (ZEC), listing it on Euronext Paris and Amsterdam. This physically backed ETP allows investors to gain exposure to Zcash without holding the cryptocurrency directly. 21shares also introduced a physically backed ETHFI ETP for Ether.fi, trading on the same exchanges. The Zcash ETP follows the recent introduction of Grayscale’s Zcash ETF (ticker ZCSH) in the United States.
Why it matters
The availability of Zcash ETPs in regulated European and US markets indicates growing institutional interest in the privacy coin. This development increases accessibility for investors and may support further adoption and validation of Zcash as a legitimate asset class. The source suggests the rising performance of Zcash underpins its market relevance but does not elaborate on broader policy or industry impacts.
Key context
Zcash has experienced significant growth, rising nearly 1,100% in value over the last year to surpass $1,500 according to CoinMarketCap. This rally has prompted comparisons between Zcash and Bitcoin, with some experts suggesting Zcash may leverage “second-mover advantages” to compete with Bitcoin’s network effect. Mining interest in Zcash remains strong, exemplified by Fortitude Digital Mining’s production of around 28% of all ZEC mined in the first half of 2026.
Key numbers and entities
21shares, Euronext Paris, and Amsterdam exchanges, Grayscale (Zcash ETF ticker ZCSH), CoinMarketCap (price data), Fortitude Digital Mining (mining share at 28%), and the ETHFI token of Ether.fi. Both ETPs carry a management fee of 2.5%. Zcash’s price recently exceeded $1,500, with approximately 1,100% growth over the past year.
What remains unclear
The source does not specify the expected market impact or adoption rates of the new ETPs, nor does it provide details on investor reception or comparative analysis with other cryptocurrency investment products beyond fee differences. It also does not explain potential regulatory responses or long-term implications for privacy coin markets.