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      21Shares Launches Europe's First Zcash ETP and an ETHFI ETP

      PANews, September 23 — According to Cointelegraph, European asset manager 21Shares has simultaneously listed two physically backed cryptocurrency ETPs on Euronext Paris and Euronext Amsterdam, including Europe's first Zcash (ZEC) ETP and an ETP tracking Ether.fi's governance and utility token ETHFI. Both products hold spot tokens in custody, giving investors a way to gain exposure to ZEC and ETHFI without directly holding the coins, with an annual management fee of 2.5%, significantly higher than most Bitcoin and Ethereum products in Europe.

      The report noted that Grayscale has previously launched a Zcash ETF (ticker ZCSH) in the United States, and the growing number of related products in the U.S. and European markets reflects rising interest from compliant institutional investors in the privacy coin Zcash.


      Source: PANews
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