21Shares has listed Europe’s first Zcash exchange-traded product on Euronext Paris and Amsterdam under the ticker ZCASH, with an annual management fee of 2.5%. According to ChainCatcher, the product holds ZEC directly and uses BitGo as custodian.

ZCASH trades in euros in Paris and in U.S. dollars in Amsterdam. The product issued 5,000 units on its first day, with a net asset value of $20.04 per unit and assets under management of about $100,000. Grayscale’s Zcash ETF, ZCSH, has assets of nearly $890 million and is scheduled to complete a 1-for-3 share split on September 30.