Euronext Halts CoinShares Zcash ETP on Debut Day

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TLDR Euronext suspended the CoinShares Zcash ETP (ZCSH) on Euronext Paris on the day it was meant to start trading. The exchange operator cited operational settlement requirements. The suspension stays in place until the Central Securities Depository (CSD) can fully support standard settlement operations. CoinShares would have been the fourth issuer to list a Zcash ETP in Europe. Euronext Pulls the Plug on ZCSH Euronext suspended CoinShares’ Zcash exchange-traded product on Wednesday, the very day it was scheduled to debut on Euronext Paris. In its official notice, the exchange operator said the CoinShares Zcash ETP, trading under the ticker ZCSH, was suspended until further notice. The notice gave no explanation for the decision, which left the market guessing for a while. CoinShares had announced the planned Paris launch earlier the same day. That means the product went from launch announcement to trading halt within hours, a sequence it is rarely seen in the ETP space. Settlement Issues Behind the Suspension The explanation came directly from Euronext. A spokesperson, Flavio Borna...