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21Shares has launched Europe's first exchange-traded product tied to Zcash, listing the physically backed ETP on Euronext Paris and Amsterdam. The asset manager listed a second physically backed product alongside it, tracking the governance token of Ether.fi, ETHFI.
Both products carry an annual management fee of 2.5% and give investors regulated exposure through traditional brokerage accounts, removing the need for direct token custody or crypto-specific infrastructure.
Why it matters
The listing extends the institutional wrapper model to privacy-focused ZEC and to liquid restaking exposure via ETHFI, two corners of the market that until now had no European exchange-traded access. It also signals that Euronext, one of Europe's largest exchange operators, is comfortable hosting products tied to these assets.
Market impact
The European debut follows Grayscale's launch of a spot Zcash ETF on NYSE Arca in the United States, meaning ZEC now has regulated listed products on both sides of the Atlantic. A transatlantic venue footprint typically widens the pool of allocators who can buy the asset through ordinary brokerage flows, and the Ether.fi product gives TradFi portfolios a listed route into the restaking sector for the first time.
Source: [Zcash gets first European ETP following US ETF launch — Cointelegraph](https://cointelegraph.com/news/21shares-zcash-etp-europe-etherfi)
Frequently asked questions
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What did 21Shares launch on Euronext?
21Shares launched Europe's first exchange-traded product tied to Zcash, listed on Euronext Paris and Amsterdam, alongside a physically backed ETP tracking Ether.fi's governance token, ETHFI.
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What are the fees on the new Zcash and ETHFI ETPs?
Both 21Shares products carry an annual management fee of 2.5% and are physically backed.
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Do investors need a crypto wallet to buy these ETPs?
No. The ETPs offer regulated exposure via traditional brokerage accounts, so investors do not need direct token custody or crypto-specific infrastructure.
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Did a Zcash ETF already launch in the United States?
Yes. Grayscale launched its spot Zcash ETF on NYSE Arca before 21Shares' European listing, giving ZEC regulated listed products in both the US and Europe.
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What is the Ether.fi ETP exposed to?
The second product tracks ETHFI, the governance token of Ether.fi, giving European brokerage clients listed exposure to the liquid restaking sector.
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