number of permutations of [n] for which all cycles have even length

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I'm looking to find the number of permutations of [n] for which all cycles have even length, call that number $f_n$.

I've seen here: Number of permutations of a specific cycle decomposition that the exponential generating function is given by:

$G_1(z) = \exp\left( \sum_{k\ge 1} \frac{z^{2k}}{2k} \right) = \sqrt{ \frac{1}{1-z^2}} = \frac{\sqrt{1-z^2}}{1-z^2}$

Does anyone have an explanation for why we have this egf?

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More generally, the exponential generating function for permutations with cycle lengths in some set $S$ is

$$ \exp\left(\sum_{k\in S}\frac{z^k}k\right)\;. $$

This is because there are $(k-1)!$ different labeled cycles of length $k$, so the exponential generating function for the number of admissible cycles is

$$ \sum_{k\in S}\frac{(k-1)!}{k!}z^k=\sum_{k\in S}\frac{z^k}k\;. $$

Why going from cycles to permutations consisting of cycles corresponds to exponentiating the exponential generating function is explained at Wikipedia here and here.