Zcash surges past $1,600 as Europe gains first physically backed ZEC ETP

21Shares launched a physically backed Zcash ETP on Euronext Paris and Amsterdam, providing European investors with a brokerage route to ZEC without direct token custody. The product, trading as ZCASH, holds underlying ZEC and charges a 2.5% annual fee. ZEC price rose from around $1,540 on Sept. 19 to a 24-hour high of $1,651 on Sept. 23 before retracing. Weekly Zcash transfer volume exceeded $23 billion, the highest since 2021.