Overview
- 21Shares listed a physically backed Zcash ETP as ZCASH on Euronext Paris and Amsterdam that launched Sept. 22 and trades in euros and dollars through conventional brokerages.
- The ETP holds underlying ZEC with institutional custodians, names BitGo in its documentation, charges a 2.5% annual fee and began with about 5,000 securities and roughly $100,000 in assets.
- The European product follows Grayscale’s conversion of its Zcash Trust into the U.S. ZCSH spot ETF, a fund that received an affiliated DCG ZEC exchange and is set for a 3-for-1 share split before markets open Sept. 30.
- ZEC’s price surged to multiyear highs near $1,600–$1,680 as on‑chain activity spiked, with Messari reporting about $23 billion in weekly transfer volume and Zodl showing a jump in shielded transactions.
- Market watchers warn the new regulated access brings tradeoffs for investors: higher custody and management costs, no direct coin ownership, tighter supply from affiliated flows, and greater price sensitivity from rising derivatives exposure.