ZEC Price Hits New Heights Above $1,600 Amidst Record Rally

Zcash (ZEC) price has surged past $1,600 after gaining a staggering 2,850% over the last year. This record rally has catapulted ZCash to the top-ten crypto list and made it more profitable than Bitcoin mining for some.

21Shares launched Europe's first exchange-traded product (ETP) tied to Zcash, which is now listed on Euronext Paris and Amsterdam. The physically backed ETP carries an annual management fee of 2.5% and provides regulated exposure through traditional brokerage accounts.

Cypherpunk, a company that mines ZEC, has reported its first figures from the operation, producing 3,023 ZEC over a 14-day period. The entire amount was added to its treasury, marking a shift from solely acquiring Zcash to also mining and retaining it.