21shares Lists Europe’s First Physically Backed Zcash ETP

This is a notable broadening of the European ETP shelf beyond the majors, and Zcash's first such vehicle in the region suggests issuers are willing to test privacy-themed exposure where a US equivalent has already launched. The listing's significance lies less in the two assets than in the precedent: Euronext access gives European allocators a familiar wrapper for coins that previously required direct custody. Whether physically backed single-asset ETPs for smaller tokens keep multiplying, or remain a narrow experiment, is the open question.