21Shares Launches Europe’s First Zcash ETP, Lists Ether.fi Product

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21Shares, a European asset manager, has launched Europe’s first exchange-traded product backed by the privacy coin Zcash.

Cointelegraph reported on September 22 that 21Shares listed a spot Zcash ETP on Euronext exchanges in France and the Netherlands. The product allows investors to gain exposure to Zcash through traditional brokerage accounts without directly holding the token.

21Shares also launched an ETP tracking ETHFI, the governance and utility token of decentralized finance protocol Ether.fi, the same day. That product is also physically backed and trades on Euronext Paris and Amsterdam.

The two products each carry an annual management fee of 2.5%. That is higher than many Bitcoin and Ether investment products traded in Europe.

The listing follows the launch of Grayscale’s Zcash exchange-traded fund in the US. The ETF trades on NYSE Arca under the ticker ZCSH.