Crypto Investment News

European investors now have regulated access to Zcash (ZEC) through a traditional brokerage account for the first time. 

Asset manager 21Shares listed two new physically backed exchange-traded products (ETPs) on Euronext Paris and Euronext Amsterdam on Sept. 22, covering ZEC and ether.fi’s governance token ETHFI.

The 21Shares Zcash ETP trades under the ticker ZCASH with ISIN CH1608218801. It is priced in euros on Euronext Paris and in US dollars on Euronext Amsterdam. The product gives investors exposure to ZEC without requiring them to manage private keys, set up exchange accounts, or handle self-custody of the token.
Both ETPs carry an annual management fee of 2.5%. That is higher than the fees attached to most Bitcoin (BTC) and Ethereum (ETH) investment products currently available in Europe. The underlying tokens for both products are held by third-party custodians.

The 21Shares ether.fi ETP trades under the ticker ETHFI with ISIN CH1608218819 on the same two exchanges. It tracks the native governance and utility token of ether.fi, a decentralized finance (DeFi) protocol that has expanded from liquid restaking into broader financial services including borrowing, payments, and a spending card product.

Jasmin Muelhaupt, director of financial product development at 21Shares, said Ether.fi represents a protocol moving beyond basic staking into practical use cases. On the Zcash side, she pointed to its combination of a fixed 21 million coin supply cap, optional privacy through cryptographic shielded transactions, and what the company described as quantum-resistant architecture. “By bringing both onto traditional exchanges as ETPs, we are making it as simple to add these assets to a portfolio as buying any standard stock or fund,” Muelhaupt said.

The Zcash ETP launch in Europe follows the arrival of the Grayscale Zcash ETF in the United States, which trades on NYSE Arca under the ticker ZCSH. The two products together mark a notable expansion of ZEC’s presence in regulated investment markets across both regions.

Related Article: Why Is Zcash Price Pumping? Inside the Crypto Privacy Boom 

ZEC has been one of the stronger performers in the crypto market over the past year. The coin recently traded above $1,500, representing a gain of nearly 1,100% over a 12-month period, according to CoinMarketCap data. That run has drawn comparisons to Bitcoin (BTC) and prompted renewed debate about whether privacy-focused coins can build lasting institutional support.

Bitcoin Price Chart 24h Source: CoinMarketCap

Grayscale’s head of research, Zach Pandl, has argued that Zcash could benefit from what he described as “second-mover advantages” that might help it overcome Bitcoin’s established network effects, something earlier alternatives including Litecoin (LTC) have not managed to achieve. Mining activity on the Zcash network has also grown. Fortitude Digital Mining said it produced roughly 28% of all ZEC mined in the first half of 2026, citing the coin’s proof-of-work model, capped supply, and privacy features as the basis for its focus on the network.

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