Zcash ETP Launches in Europe
The European investment market has welcomed its first privacy coin exchange-traded product (ETP) courtesy of 21Shares. The Zcash ETP is now available on both Euronext Paris and Euronext Amsterdam, allowing European investors to gain exposure to the privacy-focused cryptocurrency without directly holding it.
This move follows Grayscale's launch of a Zcash ETF on the NYSE last month. Zcash has become the largest privacy-focused cryptocurrency by market value, reaching a capitalization of $21.75 billion according to 24/7 Wall St. The network also saw its highest weekly transfer volume since 2021, with over $23 billion in transfers.
Analyst Joel Hugentobler believes that the growth of AI agents and demand for private transactions will be a long-term driver for Zcash's success. He attributes the recent surge to 'clever marketing' and renewed demand for privacy tokens.