21shares listed physically backed ZEC and ETHFI products on Euronext Paris and Amsterdam, as issuers broaden their offerings beyond major cryptocurrencies.
European asset manager 21shares has launched the region’s first exchange-traded product tied to Zcash, extending the privacy coin’s reach into regulated markets following its strong performance over the past year.
On Tuesday, 21shares listed its physically backed Zcash ETP on Euronext Paris and Amsterdam, allowing investors to gain exposure to ZEC through brokerage accounts without holding the cryptocurrency directly.
The asset manager also introduced an ETP tracking ETHFI, the governance and utility token of Ether.fi, a decentralized finance protocol that offers staking and other crypto-based financial services. The ETHFI product is physically backed and trades on Euronext Paris and Amsterdam.
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