According to CoinMeta, Zcash ( ZEC ) is currently trading at around $1,600. On September 21st, 21Shares launched a physically-backed European Zcash ETP, which allows investors to gain exposure to ZEC without the need to directly purchase or store ZEC. The annual fee for this ETP is 2.5%, and it started with assets of about $100,212, issuing 5,000 securities. Although this ETP provides investors with a new distribution channel, it is not the only reason for the rise in ZEC. According to CoinGecko data, ZEC closed at around $1,111 on September 15th, then rose to $1,300 on September 16th, and reached approximately $1,471 on the day of the ETP launch.