Zcash is the first European ETP product after the launch of United States and ETF

European asset management company 21Shares launched the region's first exchange-traded product linked to Zcash , expanding its reach further into regulated markets after a strong performance of this privacy coin over the past year.

On Tuesday, 21Shares listed its physical backed Zcash ETP on the Paris and Amsterdam Pan-European Exchanges. Investors do not need to hold the cryptocurrency directly but can get access to ZEC through a brokerage account.

The asset management company also launched an ETP that tracks ETHFI . ETHFI is the governance and functionality of DeFi protocol Ether.fi , which provides financial services such as staking based on cryptocurrency .

The annual management fee for both ETPs is 2.5%, significantly higher than the level of fees charged by many Bitcoin and Ethereum investment products in Europe.

The launch of the Zcash ETP follows on from Grayscale's initial public offering of Zcash , ETF , which was traded at Arca on the New York Stock Exchange under the ticker ZCSH.

Related reading: Dragonfly's Qureshi calls for Zcash development fund to end after 2028

Zcash upgraded to the Bitcoin . Substitute pump topic back in focus

At the time of this release, Zcash has become one of the most prominent performing assets in the crypto market. According to CoinMarketCap data, its price recently broke $1500, an increase of nearly 1100% over the past year.

This round of mergers refocused the market on Zcash 's potential as a replacement for Bitcoin . Zach Pandl, research director at Grayscale, has stated that Zcash , or its successor, could benefit from an advantageous merger to break through Bitcoin 's deeply entrenched network effect loop which earlier alternatives such as Litecoin had struggled with.

Concerns about Zcash have also spread to the mining industry. Fortitude Digital mining revealed to Cointelegraph that approximately 28% of all network output in the first half of 2026 was mined by the company, showing its scale of operations on this network. The company said it focuses on Zcash , due to its Proof of Work mechanism, supply cap and privacy features.

Related reading: Zcash Ironwood upgrade delayed or not ready for infrastructure