21Shares brought ZEC and ETHFI to Euronext Paris and Amsterdam.
According to PANews, citing Cointelegraph, 21Shares simultaneously listed two physically-backed cryptocurrency ETPs on Euronext Paris and Amsterdam. These include Europe’s first Zcash (ZEC) ETP, as well as an ETP tracking Ether.fi’s governance and utility token, ETHFI. Both products provide investors with a way to hold ZEC and ETHFI without directly holding the underlying tokens, using custodial spot crypto. The annual management fee is 2.5%. Market sentiment is broadly bullish on both ZEC and ETHFI. The ETPs open an indirect holding channel for traditional brokerage accounts. In particular, the “first ZEC ETP” could strengthen ZEC’s compliant and investable narrative, making it easier for short-term capital to drive emotional trading around themes such as scarcity and privacy coins. However, the 2.5% management fee is higher than that of mainstream BTC and ETH products, suggesting it is more of a niche incremental entry point. If investors chase the move, they should focus on whether spot trading volumes for ZEC and ETHFI can sustain the momentum.
The market will initially focus on two points: first, how much the “first ZEC ETP in Europe” strengthens the compliance narrative for privacy coins; second, whether the 2.5% fee rate can generate sufficient incremental demand from traditional brokerage accounts. A bullish interpretation may center on ZEC and ETHFI, but whether the interest can continue will ultimately depend on whether spot trading volumes can absorb and maintain the heat.
Which do you care more about: the scarcity of the “first ZEC ETP,” or the 2.5% fee-rate threshold?
Source: PANews
#ETHFI #ZEC
Figure 1: 21Shares launches Europe’s first ZEC ETP · Key information
Image source: https://www.panewslab.com/zh/articles/01a0cbc9-2ea7-771d-8048-6f4ef931fc52
According to PANews, citing Cointelegraph, 21Shares simultaneously listed two physically-backed cryptocurrency ETPs on Euronext Paris and Amsterdam. These include Europe’s first Zcash (ZEC) ETP, as well as an ETP tracking Ether.fi’s governance and utility token, ETHFI. Both products provide investors with a way to hold ZEC and ETHFI without directly holding the underlying tokens, using custodial spot crypto. The annual management fee is 2.5%. Market sentiment is broadly bullish on both ZEC and ETHFI. The ETPs open an indirect holding channel for traditional brokerage accounts. In particular, the “first ZEC ETP” could strengthen ZEC’s compliant and investable narrative, making it easier for short-term capital to drive emotional trading around themes such as scarcity and privacy coins. However, the 2.5% management fee is higher than that of mainstream BTC and ETH products, suggesting it is more of a niche incremental entry point. If investors chase the move, they should focus on whether spot trading volumes for ZEC and ETHFI can sustain the momentum.
The market will initially focus on two points: first, how much the “first ZEC ETP in Europe” strengthens the compliance narrative for privacy coins; second, whether the 2.5% fee rate can generate sufficient incremental demand from traditional brokerage accounts. A bullish interpretation may center on ZEC and ETHFI, but whether the interest can continue will ultimately depend on whether spot trading volumes can absorb and maintain the heat.
Which do you care more about: the scarcity of the “first ZEC ETP,” or the 2.5% fee-rate threshold?
Source: PANews
#ETHFI #ZEC
Figure 1: 21Shares launches Europe’s first ZEC ETP · Key information
Image source: https://www.panewslab.com/zh/articles/01a0cbc9-2ea7-771d-8048-6f4ef931fc52
