21Shares lists Europe’s first Zcash ETP with 2.5% annual fee

21Shares listed Europe’s first Zcash ETP (exchange-traded product) on Sept. 22 across Euronext Paris and Amsterdam. Trading under the symbol ZCASH, the product physically holds ZEC and charges an annual management fee of 2.5%, with BitGo serving as custodian. It trades in euros in Paris and dollars in Amsterdam. The product launched with 5,000 units, each with a net asset value of $20.04, giving it approximately $100,000 in assets under management. Grayscale’s Zcash ETF, ZCSH, had nearly $890 million in assets and is scheduled to complete a one-for-three share split on Sept. 30.