21Shares Launches Spot-Backed ZEC and ETHFI ETPs in Europe
Minseung Kang
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21Shares, a crypto asset manager, has launched exchange-traded products in Europe backed by Zcash and Ether.fi.
The Block reported on September 22 that 21Shares listed spot-backed ETPs tied to ZEC and ETHFI on Euronext Amsterdam and Euronext Paris.
The products hold actual ZEC and ETHFI to back their value, allowing European investors to gain exposure to the two crypto assets through existing brokerage accounts.
Each product carries a 2.5% management fee.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.