Valour launches Europe’s first Zcash ETP, undercutting 21Shares on fees

Privacy coin investing just got a lot more formal. Valour Inc., the ETP arm of DeFi Technologies, listed a Zcash exchange-traded product on Sweden’s Spotlight Stock Market on September 29, priced in Swedish kronor and carrying a 1.9% annual management fee. The vehicle trades under ISIN CH1108681763 and is structured as open-ended, meaning investors can gain price exposure to ZEC without touching a wallet, managing private keys, or worrying about custody. A crowded week for Zcash in Europe Here is where the “first” claim gets complicated. 21Shares had already listed a physically backed Zcash ETP on Euronext Paris and Amsterdam on September 22, a full week earlier, at a 2.5% annual fee. That product held the “Europe’s first Zcash ETP” title for exactly seven days before Valour entered the room with a cheaper alternative. Jacob Lindberg, Chief Revenue Officer at Valour, pointed to rising interest from both professional and retail investors in ZEC, describing demand for a regulated, structured product as the primary driver behind the launch. Why Zcash, and why now Zcash is built around cryptographic privacy, specifically the ability to shield transaction details from public view using ...