---
title: "CoinShares Launches Physically Backed Zcash ETP on Euronext Paris"
description: "Trading under the ticker ZCSH, the product offers regulated European exposure to $ZEC with institutional custody and a 1.50% annual fee."
url: https://basisdesk.news/news/coinshares-launches-physically-backed-zcash-etp-euronext-paris
published: 2026-10-28T11:31:26.726Z
modified: 2026-10-28T11:31:26.726Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [ZEC, BTC]
tags: [zcash, coinshares, etp, euronext, institutional-custody, privacy-coins]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# CoinShares Launches Physically Backed Zcash ETP on Euronext Paris

Trading under the ticker ZCSH, the product offers regulated European exposure to $ZEC with institutional custody and a 1.50% annual fee.

## At a glance

- **What happened:** CoinShares launched the physically backed CoinShares Zcash ETP (ZCSH) on Euronext Paris on Oct. 28, 2026.
- **Why it matters:** The security provides European investors regulated, exchange-traded exposure to ZEC through standard brokerage accounts without direct wallet custody.
- **Who is affected:** European institutional and retail investors seeking exchange-traded exposure to Zcash.
- **Takes effect:** 2026-10-28
- **What's next:** No next step announced.
- **Primary source:** [CoinShares adds Zcash to its physical ETP range](https://coinshares.com/ro-en/news/coinshares-adds-zcash-to-its-physical-etp-range) — coinshares.com

## Key points

- CoinShares listed the CoinShares Zcash ETP (ZCSH) on Euronext Paris on Oct. 28, 2026 [1].
- The ETP is 100% physically backed by ZEC, carries a 1.50% annual management fee, and trades in euros [1].
- Zcash features an optional zero-knowledge privacy layer and viewing keys for regulatory auditability [1].

## Editorial remark

- **Context:** Privacy-focused networks have historically faced distribution hurdles on centralized venues due to regulatory scrutiny, despite protocol features like Zcash's viewing keys designed for selective compliance [1].
- **Impact:** European institutional and retail investors gain a regulated pathway to trade ZEC exposure without navigating direct crypto custody or private key infrastructure [1].
- **Watch:** Secondary market trading volumes and asset inflows for ZCSH following its Euronext Paris debut [1].

CoinShares launched a physically backed Zcash exchange-traded product on Euronext Paris on Oct. 28, 2026, expanding its physical digital asset lineup to include privacy-focused layer-1 networks [1]. Trading under the ticker ZCSH in euros, the vehicle provides institutional and retail market participants with indirect exposure to $ZEC without requiring direct management of private keys or self-custody wallets [1].

The product is 100% physically backed by ZEC held in institutional custody and carries an annual management fee of 1.50% [1]. CoinShares stated that while Zcash has maintained a market valuation above $20 billion, its native asset has faced limited distribution channels and narrower institutional custody options compared to peers of similar scale [1]. The new security allows market participants to access the asset through traditional brokerage accounts [1].

## Network Design and Distribution

Originally launched in October 2016 as a fork of the Bitcoin codebase, Zcash retains key parameters of $BTC, including a 21 million coin supply limit, a proof-of-work consensus mechanism, and quadrennial halving schedules [1]. The network differentiates itself through optional transactional privacy enabled by zero-knowledge proofs [1]. Transactions remain public by default, while users can generate viewing keys to grant external auditors or regulators visibility into specific shielded activities without broadcasting transaction data publicly on-chain [1].

CoinShares Chief Executive Officer Jean-Marie Mognetti noted that the product serves as a regulated bridge for investor demand in privacy-preserving public blockchain infrastructure [1]. At the time of writing, $ZEC traded at $1,305, up 4.4% over the prior 24 hours, amid broader market stability.

## Sources

1. [CoinShares adds Zcash to its physical ETP range](https://coinshares.com/ro-en/news/coinshares-adds-zcash-to-its-physical-etp-range) — coinshares.com, 2026-10-28

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai