Zcash ETF Hauls In $500 Million as Bitcoin Recovers Towards $79,000

Bitcoin's price has started to recover towards $79,000 after experiencing a recent downturn. Meanwhile, Zcash has seen significant success with its ETF, hauling in a whopping $500 million on LCX Exchange.

LCX AG, the company behind the exchange, is still awaiting authorization as a crypto-asset service provider under MiCA (EU 2023/1114). The application is currently being reviewed by the Financial Market Authority (FMA) Liechtenstein.

This means that LCX does not currently offer crypto-asset services to persons in the EEA, although existing clients are limited to withdrawals during this wind-down period.