Zcash Tops $1,600 After Europe’s First ZEC ETP Debuts

• Zcash (ZEC) surpassed $1,600 for the first time since 2016 following the launch of Europe's first Zcash exchange-traded product (ETP) by 21Shares on Euronext Paris and Amsterdam.
• The ETP allows investors to gain exposure to ZEC without direct custody, with a 2.5% annual management fee, and follows Grayscale's launch of a spot Zcash ETF in the U.S.
• ZEC's price increased over 10% in 24 hours and 91% in 30 days, with significant trading volume and leveraged positions contributing to the rally, while some analysts express caution about sustainability.

https://cryptopotato.com/zcash-tops-1600-after-europes-first-zec-etp-debuts/

🌐 From @CryptoPotato