On September 22, asset management firm 21Shares listed Europe’s first physically backed ZEC exchange-traded product (ETP), with trading code ZCASH (ISIN CH1608218801), on the pan-European exchange in Paris and Amsterdam. At the same time, ether.fi governance token $ETHFI was also listed with a corresponding ETP. Both products charge an annual fee of 2.5%. The underlying tokens are held in custody by a third party, allowing investors to obtain exposure via traditional brokerage accounts without having to manage their own private keys.
Driven by this, around September 23, ZEC broke above the $1,600 level during intraday trading, with a roughly 10% gain over 24 hours. Its market capitalization at one point reached about $27.5 billion, putting it among the leading crypto assets. In the U.S. market, Grayscale’s ZCSH has already been trading on NYSE Arca; it has accumulated net inflows of more than $200 million, and its net assets at one time were close to $900 million. The fund also plans to record trades on September 28 and September 30, starting with a 3-for-1 forward split. After the European channel opened, the privacy narrative and compliant wrapper have progressed in parallel. However, the annual fee is clearly higher than that of mainstream European products for Bitcoin and Ethereum, and investors still need to weigh short-term volatility and holding costs for themselves.
#ZEC #行情 #隐私币 does not constitute investment advice
Driven by this, around September 23, ZEC broke above the $1,600 level during intraday trading, with a roughly 10% gain over 24 hours. Its market capitalization at one point reached about $27.5 billion, putting it among the leading crypto assets. In the U.S. market, Grayscale’s ZCSH has already been trading on NYSE Arca; it has accumulated net inflows of more than $200 million, and its net assets at one time were close to $900 million. The fund also plans to record trades on September 28 and September 30, starting with a 3-for-1 forward split. After the European channel opened, the privacy narrative and compliant wrapper have progressed in parallel. However, the annual fee is clearly higher than that of mainstream European products for Bitcoin and Ethereum, and investors still need to weigh short-term volatility and holding costs for themselves.
#ZEC #行情 #隐私币 does not constitute investment advice
