Zcash Tops $1,600 After Europe’s First ZEC ETP Debuts

ZEC's 43% weekly gain outpaced the broader crypto market's 14% advance, while daily trading volume rose to around $1.77 billion. Zcash (ZEC) climbed above $1,600 for the first time since 2016 after 21Shares launched Europe’s first Zcash exchange-traded product (ETP) on Euronext Paris and Amsterdam. The rally coincides with the privacy coin expanding access through traditional investment markets, while heady short liquidations and leveraged trading add another layer to the price action. 21Shares Launches Europe’s First Zcash ETP CoinGecko reported the price milestone on September 23, with ZEC trading around $1,600 after reaching an intraday high of approximately $1,643. The listing gives investors another way to gain exposure to the cryptocurrency without holding ZEC directly. The physically backed product trades on Euronext Paris and Amsterdam. Investors can buy it through traditional brokerage accounts, avoiding the need to manage crypto wallets or take direct custody of the tokens. Its annual management fee is 2.5%. 21Shares also launched a physically backed ETP tracking ETHFI, the governance and utility token of the Ether.fi decentralized finance protocol. That product carries t...