CoinShares Zcash ETP Trading Halted by Euronext Paris Until…
By Abdelaziz Fathi
AI summary of the source article
Euronext suspended CoinShares' new physically backed Zcash ETP from trading on Euronext Paris on October 28 due to post-trade settlement infrastructure issues. The measure remains in place until standard settlement operations are supported by the relevant Central Securities Depository.
Why it matters
The suspension "exposes an often less visible constraint on the growth of exchange-traded crypto products," illustrating that "as crypto ETP issuers move into less widely supported assets, settlement infrastructure can become a launch constraint even when an exchange and issuer are ready to bring the product to market."
Key facts
- Euronext suspended the CoinShares Zcash ETP (ticker ZCSH) on October 28 due to operational settlement requirements.
- The ETP is 100% physically backed by ZEC held in institutional custody and carries a 1.50% annual management fee.
- The suspension reflects post-trade CSD infrastructure constraints rather than a regulatory action against Zcash or CoinShares.
Source excerpt · FinanceFeeds
Euronext suspended CoinShares’ new Zcash exchange-traded product on Wednesday, preventing the security from beginning trading on Euronext Paris as planned because the post-trade infrastructure was not yet able to support standard settlement.The CoinShares Zcash ETP, trading under ticker ZCSH and ISIN GB00BNRRG954, was suspended until further notice on October 28. Euronext’s initial market notice d…