Zcash Surges as Europe Lists First ZEC ETP
- 21shares’ Zcash ETP carries a high annual fee of 2.5%, surpassing most European Bitcoin products.
- Zcash’s market cap reached $27.5 billion on September 23, ranking it ninth among all crypto assets.
- Grayscale’s ZCSH will undergo a forward split on September 30, making entry more accessible for U.S. investors.
- Zcash price surged past $1,600, trading at $1,622 after the announcement of the first physically backed exchange-traded product in Europe.
- Over 30% of all ZEC coins are now fully shielded in encrypted pools, marking an all-time high for the network.
The introduction of Europe’s first physically backed Zcash ETP by asset manager 21shares has driven significant interest and price movement in the cryptocurrency market. The surge highlights growing demand for privacy-focused assets and increased accessibility through regulated financial products.
With a market cap of $27.5 billion and significant institutional interest, Zcash is positioning itself as a key player in the crypto space, bolstered by strong European and U.S.-based product offerings.(Source)
