Why Zcash soared to $1,600 as Europe unlocks new ETP access
Summary
21Shares launched its physically backed Zcash ETP on Euronext Paris and Amsterdam, giving European investors brokerage access to ZEC without directly holding tokens. Trading as ZCASH, it charges an annual fee of 2.5%. The listing followed a ZEC rally that had begun earlier, amid attention on a separate U.S. Zcash ETF. ZEC reached $1,651 on Sept. 23 before retreating to about $1,487. Meanwhile, Messari reported more than $23 billion in weekly Zcash transfer volume, its highest since 2021, and Zodl reported 62,379 shielded transactions, the most since 2022. These network measures do not directly indicate new investment or distinct users; ETP asset data may provide a separate measure of investor uptake.
