CoinShares adds Zcash to its physical ETP range
5 min read
The CoinShares Zcash ETP (ZCSH) lists on Euronext Paris, giving investors exchange-traded exposure to ZEC without wallets, private keys or direct custody.
JERSEY, Channel Islands — October 28, 2026 — CoinShares PLC (Nasdaq: CSHR) ("CoinShares" or the "Company"), a leading global asset manager specialising in digital assets today announced the launch of the CoinShares Zcash ETP (Ticker: ZCSH, ISIN: GB00BNRRG954), the latest addition to the CoinShares Physical range. The product is 100% physically backed by ZEC, the native token of the Zcash network, and lists on Euronext Paris, trading in EUR.
Access
Zcash is one of the most established projects in digital assets, with a market capitalisation above $20 billion and a history that reaches back to 2016. Its value proposition draws directly on crypto's original values: sound money, and the ability of individuals to control their own financial privacy. Yet ZEC is not available everywhere, and remains thinly distributed relative to its size — absent from many mainstream platforms, with narrower custody support than most assets of comparable standing.
The CoinShares Zcash ETP closes that distribution gap. Investors buy and sell a security on a regulated exchange, through the brokerage accounts they already use. The underlying ZEC is held in institutional custody, with no wallets or private keys to manage.
About Zcash
Zcash is a layer-1 blockchain launched in October 2016 as a fork of the Bitcoin codebase. It keeps Bitcoin's monetary design — a hard cap of 21 million coins, proof of work, halving roughly every four years — and adds the ability to transact privately.
Privacy on Zcash is a choice, not a default. Transactions are transparent unless a user opts to shield them, using zero-knowledge proofs — a mechanism that lets the network confirm a transaction is valid without seeing its contents. Holders can also grant viewing keys, allowing an auditor or authority to inspect specific transactions without anything being published on-chain. That combination — sound-money design, optional privacy, built-in auditability — is what distinguishes Zcash within the sector, and it is why financial privacy has become one of the most actively debated themes among digital asset investors this year.
A guide to Zcash, covering how shielded transactions work and the asset's regulatory treatment, is available in the CoinShares Research knowledge section.
CEO commentary
Jean-Marie Mognetti, Co-Founder, President and Chief Executive Officer of CoinShares, said:
“Privacy is one of the oldest requirements in finance, and one of the hardest to engineer on a public blockchain. Zcash has been working on that problem since 2016. Our role has not changed since 2013: when investors want exposure to an asset, we build the regulated route to it. ZCSH is that route for ZEC — one security, one ticker, on an exchange investors already use.”
Product details
Product name: CoinShares Zcash ETP
Ticker: ZCSH
ISIN: GB00BNRRG954
Underlying asset: ZEC (Zcash)
Backing: 100% physically backed
Management fee: 1.50% p.a.
Trading currency: EUR
Exchange: Euronext Paris
The CoinShares Zcash ETP begins trading on Euronext Paris on October 28, 2026 in EUR.
About CoinShares
CoinShares is a leading global asset manager specialising in digital assets that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq under the ticker CSHR.
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Press Contact
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