It’s official! Since Tuesday September 22, 2026, a crypto ETP dedicated to ZEC has circulated freely on Euronext Paris and Amsterdam. Signed 21Shares, this product is a game changer for investors in Europe. But not only that! This announcement also sends a strong message: Zcash has just crossed a door that few private cryptos have managed to open.
In brief
- 21shares launches the first physically backed Zcash crypto ETP, listed in Paris and Amsterdam.
- Management fees reach 2.50%, well above crypto market standards.
- Zcash has soared almost 1,100% in a year, surpassing $1,500.
- A Fortitude Digital Mining fund alone would mine 28% of the ZEC produced in 2026.
A major breakthrough for the Zcash crypto on the financial market
Tuesday September 22, 2026, 21Shares introduces its Zcash ETP on Euronext under the ticker ZCASH. Bearing the ISIN CH1608218801, this crypto product is traded in euros in Paris and in dollars in Amsterdam. It adds to an already wide range at 21shares. The Swiss asset manager listed the world’s first physical ETP in 2018.
More concretely, the 21shares Zcash ETP is listed alongside a second ETP tracked on ETHFI. This means that the issuer actually holds the underlying Zcash tokens with approved third-party custodians. Result: the investor will not have to manage his wallet or his private keys himself.
Indeed, the logic is simple: Bitcoin limits its total quantity to 21 million coins. Zcash uses this same rule of scarcity, but adds one more option: the possibility of making its transactions confidential. This cryptographic mechanism allows the user to choose between full transparency or enhanced confidentiality. A rare feature in the crypto world!
The fees for this Zcash ETP are particularly of concern to the crypto market
L’Zcash crypto ETP has an annual fee of 2.50%. That’s almost double, if not triple, what regular Bitcoin and Ethereum ETFs charge in Europe. In a press releasedirector of product development at 21shares Jasmin Muelhaupt justifies this choice by the specificity of the asset.
We make accessing these assets as easy as a traditional fund.
This high cost therefore reflects the technical complexity of managing a token with optional confidentiality rather than a classic crypto asset like bitcoin. For an institutional investor, this price remains secondary compared to simplified access. No need to open an account on a crypto exchange anymore. L’exposure to Zcash crypto becomes as commonplace as buying a stock.
The new crypto ETP arrives as the ZEC goes through a particularly marked increase phase
According to data from CoinMarketCap, the price of ZEC crypto Zcash has exploded by almost 1,100% over one year. At the time of writing this article, it is even over $1,500. Its value is currently around $1,610.
Crypto analysts agree on one point: this surge shortly precedes the arrival of the Grayscale Zcash ETF on the NYSE Arca under the ticker ZCSH, in the United States. And not only that! According to them, the movement no longer only concerns the financial market. Cointelegraph notably reports that Fortitude Digital Mining would have produced approximately 28% of all ZECs mined in the first half of 2026.
The company justifies this bet by:
- Zcash’s proof-of-work model;
- its capped offer;
- the privacy features of the crypto network.
Zcash versus bitcoin: a second-mover advantage for this crypto?
The question that agitates crypto analysts now is: Can Zcash really compete with bitcoin?
In a report published on August 25, 2026, the head of research at Grayscale Zach Pandl notably puts forward the idea of a second-mover advantage. According to him, the crypto Zcash would take advantage of the lessons learned from bitcoin without suffering the same locked network effect (unlike Litecoin which has never succeeded in this bet). However, nothing guarantees that this confidential crypto will one day dethrone the market leader.
What is certain is that Zcash today accumulates institutional signals :
- 21shares crypto ETP;
- Grayscale US crypto ETF;
- sustained mining activity
For many experts, this is a momentum that few alternative crypto projects can claim today.
In any case, the arrival of this Zcash crypto ETP on Euronext confirms a shift: confidentiality is becoming a selling point for asset managers. Will other issuers follow this movement in Europe in the coming months? File to follow…
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