Zcash ETP: Broker Access, Fees and the Tax Question

Since September 22, 2026, Europe has had its first exchange-traded security tracking Zcash (ZEC). Swiss issuer 21Shares AG has brought the 21shares Zcash ETP to market under the ticker ZCASH on Euronext Amsterdam and Euronext Paris; the product itself was launched on September 21. It carries the ISIN CH1608218801 and the German securities identification number (WKN) A4AXHY. You can buy it through an ordinary securities account, with no crypto exchange and no private key of your own.

That overturns a statement which was still accurate on this site yesterday: that investors in Germany cannot get hold of a Zcash security. We checked the market at the end of August and recorded in Zcash ETF: why European investors cannot reach ZCSH that no European issuer offered a Zcash product at the time. The trading debut has made that position obsolete. What counts now are four sober questions: can your broker reach the trading venues, what does the security cost per year, who owns the coins held in custody, and how is a gain taxed.

What exactly has been tradable since September 22

The product is called the 21shares Zcash ETP and is an exchange traded product, a security listed on an exchange that tracks the price of a single underlying asset. The issuer is 21Shares AG, domiciled in Switzerland, as the country code CH at the start of the ISIN shows. The Law Debenture Trust Corporation PLC is registered as trustee, while Flow Traders and Virtu Financial Ireland Limited act as authorised participants and market makers.