21Shares Launches First European Zcash ETP Amidst Rising Institutional Interest
- 21Shares has launched the first exchange-traded product (ETP) tied to Zcash, listed on Euronext Paris and Amsterdam.
- The Zcash ETP allows investors to gain exposure to ZEC without directly holding the cryptocurrency.
- Both the Zcash and ETHFI ETPs have an annual management fee of 2.5%, higher than many Bitcoin and Ether products in Europe.
- Zcash’s price recently surged past $1,500, marking a nearly 1,100% gain over the past year.
- Fortitude Digital Mining reported mining about 28% of all ZEC produced in the first half of this year.
The launch of the Zcash ETP follows growing institutional interest in privacy coins, particularly after the introduction of Grayscale’s Zcash ETF in the U.S., which trades under ticker ZCSH. This trend highlights a broader acceptance of privacy-focused cryptocurrencies within regulated markets.
The recent surge in Zcash’s value underscores its potential as a viable alternative to Bitcoin, with significant market performance reflected in its nearly 1,100% increase over the past year.
