Deep Tide TechFlow message: On September 23, according to Cointelegraph, European crypto asset manager 21Shares announced on Tuesday the listing of two new exchange-traded products (ETPs). This marks the European market’s first regulated investment product linked to Zcash (ZEC), aiming to further expand the privacy coin’s influence in regulated markets.

The two new products are 21Shares Zcash ETP and 21Shares EtherFi ETP, the latter linked to the governance token ETHFI of the decentralized finance protocol Ether.fi. Both products use a physically backed mechanism and are listed for trading on the Paris and Amsterdam markets of the pan-European exchange Euronext. This means investors can indirectly hold these two crypto assets through traditional securities broker accounts without having to directly custody private keys. Notably, the annual management fees for these two ETPs are both set at 2.5%, which is higher than the fee levels of many Bitcoin and Ethereum funds in Europe. The launch comes shortly after the U.S. Grayscale introduced a Zcash ETF, reflecting the continued growth in institutional demand for allocation to privacy coins and top DeFi assets.