Why Zcash so ambitious to reach 1,600 dollars when Europe opens access to the new ETP model

What is Zcash ETP?

21Shares has launched an exchange-traded product (ETP) quoted at Zcash ( ZEC ) on the Euronext Paris and Amsterdam stock exchanges, announcing its listing on 22 September. The product uses the symbol Zcash . It is traded in Euros in Paris and US Dollars in Amsterdam with ISIN CH1608218801.

21Shares stated in the launch post that this is the first Zcash ETP to be accessible by European investors. The product holds ZEC on its own custody structure, so investors are able to access it without having to buy coins or store them in their digital wallets themselves.

Why is this important?

The inception date according to the issuer's information page is 21 September, while the registration announcement came on 22 September. However, ZEC price has risen to an approximate level$1,540 since 19 September.CryptoSlate It was reported that such releases were related to increased interest in Grayscale Zcash ETF as a standalone product in the United States.

After launching on September 23, ZEC peaked in 24 hours at $1,651 before settling down around $1,487 at the time of writing.

What does the network activity tell us?

Messari reported that Zcash transfers in the past week were worth over $23 billion, which is the highest level for a single week since 20092021 and the second-highest in history. However, this figure only measures the value moving on the network; it does not say how much money flowed into ZEC or new ETPs.

Meanwhile, Zodl reports on X that there have been a number of shielded transactions62,379 listed in the past week, the highest for any week since 2008.2022 A shielding transaction is one which hides details normally visible on public blockchains but this figure counts the number of transactions rather than individual users.

How does that affect investors?

Investors in Europe can buy Zcash through general brokerage accounts without managing their own digital wallets, which is a different experience from buying coins and then transferring them between private pockets.