#21shares推出欧洲首只zcash实物etp
$ZEC It’s already risen this much—Europe is only just now opening the door
21Shares has directly turned ZEC into Europe’s first physical-backed ETP, launching on September 21 in Paris and Amsterdam. It sounds impressive, but the newly listed AUM is only about $100,000 and 5,000 shares—so it’s still too early to say that European institutions are going crazy抢 buying ZEC.
Even though it’s just been listed in limited amounts, the price has already run ahead. ZEC jumped about 10.8% on September 22, briefly hitting $1,650. Today it’s still hovering around $1,600, and the gain over the past week has been extremely dramatic. Trading volume has expanded in parallel—clearly, the market isn’t treating this like an ordinary product launch.
Most importantly, ZEC now has another channel through which traditional capital can enter. The U.S. ZCSH ETF has already been leading the way; Europe has now connected as well, and the privacy narrative is being pushed higher.
Right now, the product size is still too small, and the price increase is clearly running ahead of real ETP inflows. If share issuance continues to grow and AUM truly takes off, this story can shift from “expectations” to real money in the bank.
$ZEC It’s already risen this much—Europe is only just now opening the door
21Shares has directly turned ZEC into Europe’s first physical-backed ETP, launching on September 21 in Paris and Amsterdam. It sounds impressive, but the newly listed AUM is only about $100,000 and 5,000 shares—so it’s still too early to say that European institutions are going crazy抢 buying ZEC.
Even though it’s just been listed in limited amounts, the price has already run ahead. ZEC jumped about 10.8% on September 22, briefly hitting $1,650. Today it’s still hovering around $1,600, and the gain over the past week has been extremely dramatic. Trading volume has expanded in parallel—clearly, the market isn’t treating this like an ordinary product launch.
Most importantly, ZEC now has another channel through which traditional capital can enter. The U.S. ZCSH ETF has already been leading the way; Europe has now connected as well, and the privacy narrative is being pushed higher.
Right now, the product size is still too small, and the price increase is clearly running ahead of real ETP inflows. If share issuance continues to grow and AUM truly takes off, this story can shift from “expectations” to real money in the bank.