Zcash soars past $1,600 as Europe gains new ETP access

Zcash reached $1,600 as 21Shares launched a physically backed Zcash ETP on Euronext Paris and Amsterdam. The price advance began before the product launched. Zcash traded around $1,540 on Sept. 19. Zcash reached a 24-hour high of $1,651 on Sept. 23. The price later fell to around $1,487. The product trades as ZCASH. It has a euro listing in Paris. It has a dollar listing in Amsterdam. Its ISIN is CH1608218801. The product holds ZEC through its custody structure. Investors receive price exposure without buying or directly storing tokens. The annual fee is 2.5%. Brokerage charges may add to the cost. The product page lists Sept. 21 as its inception date. 21Shares announced the listing on Sept. 22. 21Shares called the product the first Zcash ETP available to European investors. Grayscale's separate U.S. Zcash ETF had already drawn attention to Zcash. Messari reported more than $23 billion in Zcash transfer volume last week. That was the network's highest weekly total since 2021. The figure measures value moving on the network rather than fresh investment. Zodl reported 62,379 shielded transactions last week. That was the highest weekly reading since 2022. The count measures transactions rather than distinct users. Future weekly readings will show whether shielded activity persists. Changes in ZCASH's assets will provide a separate measure of European brokerage demand.