TREE NEWS update: 21Shares listed Europe’s first Zcash exchange-traded product on September 22 on Euronext Paris and Amsterdam under the ticker ZCASH, with a 2.5% annual management fee and BitGo as custodian. The product physically holds ZEC, trades in euros in Paris and dollars in Amsterdam, and issued 5,000 units on day one at a net asset value of $20.04 each, for about $100,000 in assets. Grayscale’s Zcash ETF ZCSH holds nearly $890 million and will complete a 3-for-1 share split on September 30.
21Shares Lists Europe’s First Zcash ETP in Paris and Amsterdam
AI take
Europe's first physically backed Zcash ETP arrives at a fraction of the scale of the U.S. Grayscale vehicle, which remains the dominant Zcash exposure by assets. The listing matters less for its size than for what it signals: European venues are now willing to wrap privacy-focused assets, a category that has historically struggled to get regulated access. The open question is whether this small seed grows into a genuine European market or remains a symbolic listing against Grayscale's lead.
Generated by AI for reference only.
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