Zcash ETF assets near $890 million, 21Shares lists Europe's first Zcash ETP

Odaily News: Crypto asset ETP issuer 21Shares listed Europe's first Zcash exchange-traded product (ETP) on Euronext Paris and Amsterdam on September 22 under the ticker ZCASH, with an annual management fee of 2.5%. The product physically holds ZEC, with BitGo serving as custodian.

ZCASH trades in euros in Paris and in U.S. dollars in Amsterdam. On its first day, 5,000 units were issued at a net asset value of $20.04 per unit, with assets under management of approximately $100,000. Grayscale's Zcash ETF ZCSH has assets nearing $890 million and will complete a 3-for-1 share split on September 30. (Decrypt)