ZEC just broke $1,600, and Europe has another big move!
Zcash has been really on a roll lately.
Just after breaking above $1,600, as the market is debating whether the privacy track is heating up again, 21Shares has announced:
Europe’s first physically backed Zcash ETP is officially live!
On September 22, 21Shares’ ZCASH began trading on Euronext Paris and Amsterdam.
What’s the biggest change?
Previously, if you wanted to allocate to ZEC, you basically had to buy the coin yourself, manage your wallet, and store your private keys.
Now, through a traditional brokerage account, you can also gain price exposure to ZEC.
And this product isn’t a simple cash-settled instrument. 21Shares says it is physically backed, with the underlying ZEC held by institutional custodians.
The product’s annual fee is 2.5%.
What’s truly worth paying attention to isn’t really “another ZEC product.”
It’s this:
Privacy assets are moving into the distribution system of traditional finance.
Previously, the U.S. already had Grayscale’s Zcash ETF, ZCSH.
Now Europe has ZCASH too.
With the U.S. and Europe together,
traditional financial markets are adding new channels of capital into ZEC.
This also explains why the market has started discussing it again recently:
Privacy
Zero-knowledge proofs
Institutional allocation
The connection between traditional finance and Crypto
Of course, it’s also important to stay level-headed.
ZEC’s recent rally has been huge, and the launch of the ETP doesn’t necessarily mean inflows will keep coming.
Plus, ZCASH’s current 2.5% annual fee is clearly higher than many mainstream crypto ETPs.
So what’s really worth watching next isn’t “how much more ZEC can rise.”
It’s this:
Can this new European capital entry point genuinely bring in sustained incremental capital?
If, going forward, the U.S. ETF and the European ETP both see continued capital inflows, then Zcash’s story may no longer just be a “meme-style privacy coin surge.”
Instead:
Privacy + ZK + traditional finance being packaged into products
is becoming a new narrative in the Crypto market that’s worth continuous monitoring.
#zec #zcash #ETP #21shares推出欧洲首只zcash实物etp
Zcash has been really on a roll lately.
Just after breaking above $1,600, as the market is debating whether the privacy track is heating up again, 21Shares has announced:
Europe’s first physically backed Zcash ETP is officially live!
On September 22, 21Shares’ ZCASH began trading on Euronext Paris and Amsterdam.
What’s the biggest change?
Previously, if you wanted to allocate to ZEC, you basically had to buy the coin yourself, manage your wallet, and store your private keys.
Now, through a traditional brokerage account, you can also gain price exposure to ZEC.
And this product isn’t a simple cash-settled instrument. 21Shares says it is physically backed, with the underlying ZEC held by institutional custodians.
The product’s annual fee is 2.5%.
What’s truly worth paying attention to isn’t really “another ZEC product.”
It’s this:
Privacy assets are moving into the distribution system of traditional finance.
Previously, the U.S. already had Grayscale’s Zcash ETF, ZCSH.
Now Europe has ZCASH too.
With the U.S. and Europe together,
traditional financial markets are adding new channels of capital into ZEC.
This also explains why the market has started discussing it again recently:
Privacy
Zero-knowledge proofs
Institutional allocation
The connection between traditional finance and Crypto
Of course, it’s also important to stay level-headed.
ZEC’s recent rally has been huge, and the launch of the ETP doesn’t necessarily mean inflows will keep coming.
Plus, ZCASH’s current 2.5% annual fee is clearly higher than many mainstream crypto ETPs.
So what’s really worth watching next isn’t “how much more ZEC can rise.”
It’s this:
Can this new European capital entry point genuinely bring in sustained incremental capital?
If, going forward, the U.S. ETF and the European ETP both see continued capital inflows, then Zcash’s story may no longer just be a “meme-style privacy coin surge.”
Instead:
Privacy + ZK + traditional finance being packaged into products
is becoming a new narrative in the Crypto market that’s worth continuous monitoring.
#zec #zcash #ETP #21shares推出欧洲首只zcash实物etp