Europe\'s first exchange-traded product tracking Zcash has launched, giving investors exposure to the token without holding it directly. Asset manager 21Shares listed a spot Zcash ETP on Euronext Paris and Amsterdam and also listed a spot ETP tracking ETHFI, with annual fees of 2.5 percent each. The listings follow the launch of a Grayscale spot Zcash ETF in the United States and come as Zcash has risen sharply over the past year.

Grayscale’s Zcash spot exchange-traded fund, ZCSH, will carry out a 3-for-1 stock split. Existing shareholders will receive two additional shares for each share they hold, and split-adjusted trading will begin on Sept. 30. The move aims to lower the per-share price without changing the fund’s value to improve access for individual investors. The split follows sharp rises in Zcash and the ETF, which has attracted more than $233 million since listing.