CoinScoopZcash: Is ZEC's $1,600 Rejection More Than Just a Pullback?
DeFi Technologies Inc. has launched a ZCash ETP through its subsidiary Valour, which began trading on Sweden's Spotlight Stock Market. Additionally, 21Shares has launched a physically backed Zcash ETP on Euronext Paris and Amsterdam, and the Grayscale ZCash ETF (ZCSH) recently reached $1 billion in AUM. While ZEC has rallied nearly 200% since mid-August, momentum has cooled near the $1,600 mark, with the price falling below the $1,427 support level on the 4-hour timeframe.
Summaries are written by AI from the original article. Not investment advice.