21shares lists Zcash and Ether.fi ETPs on Euronext

European asset manager 21shares listed physically backed Zcash and ETHFI exchange-traded products on Euronext Paris and Amsterdam on Tuesday. The Zcash ETP is described as the region's first exchange-traded product tied to Zcash. It gives investors exposure to ZEC through brokerage accounts without requiring them to hold the cryptocurrency directly. The second product tracks ETHFI, the governance and utility token of Ether.fi, a decentralized finance protocol that provides staking and other crypto-based financial services. The ETHFI product is also physically backed and trades on both exchanges. Each ETP carries an annual management fee of 2.5%, which is higher than the fees charged by many Bitcoin and Ether investment products in Europe. The Zcash listing follows the arrival of the Grayscale Zcash ETF in the United States. That fund trades on NYSE Arca under the ticker ZCSH. The addition of Zcash products in the United States and Europe reflects growing institutional interest in the privacy coin. Zcash recently rose past $1,500 and gained nearly 1,100% over the past year, according to CoinMarketCap data. The rally renewed attention to Zcash as a potential Bitcoin alternative. Grayscale head of research Zach Pandl has argued that Zcash could benefit from second-mover advantages that may help it overcome Bitcoin's established network effects. Earlier alternatives such as Litecoin have struggled to do so. Fortitude Digital Mining told Cointelegraph that it mined about 28% of all ZEC produced in the first half of 2026. The company said its focus on Zcash is based on the network's proof-of-work model, capped supply and privacy features.