Crypto investment provider 21Shares is broadening its European footprint by debuting new exchange-traded products (ETPs) on the Euronext exchanges in Paris and Amsterdam. The latest additions include products tracking the privacy-focused coin Zcash (ZEC) and the liquid restaking protocol Ether.fi (ETHFI).
This move marks a significant milestone as it represents the first time a Zcash-backed ETP has been made available to European investors. By diversifying beyond traditional assets like Bitcoin and Ethereum, 21Shares is responding to growing institutional demand for niche digital assets and decentralized finance (DeFi) primitives.
The products are physically backed, meaning the underlying assets are held in secure cold storage to mirror the performance of the respective tokens. The launch follows a trend of increasing product variety in the European crypto market, even as the United States focuses primarily on spot ETF approvals for major assets.
Market Implications:
- Increased accessibility for European institutional and retail investors seeking Zcash exposure.
- Validation of liquid restaking protocols as viable investment vehicles.
- Strategic positioning by 21Shares to capture market share in the evolving regulatory landscape of the EU.
