Zcash ETP Launches in Europe as Price Hits Multi-Year High
Zcash (ZEC)
Editor:
Eugene Serbin
ieconomy.io reports that 21shares has listed Europe’s first Zcash exchange-traded product on Euronext Paris and Amsterdam. This physically backed ETP allows investors to gain exposure to ZEC through brokerage accounts without holding the token directly. The launch coincides with a new physically backed ETHFI ETP, expanding 21shares’ lineup beyond Bitcoin and Ether.
Both products carry an annual management fee of 2.5%, which is higher than many mainstream crypto products in the region. Zcash recently saw its market value exceed $20 billion after Grayscale’s Zcash Trust converted into an ETF in late August. The token climbed to its strongest price since 2016, driven by renewed attention and a legal decision reducing regulatory uncertainty.
Grayscale has also filed to split its Zcash ETF 3-for-1 to lower the per-share price. Meanwhile, Circle sold Binance $100 million of stock and extended a five-year USDC promotion deal. These developments highlight a wider industry push to diversify crypto funds into specialized assets.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 22 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,471.45 with a 24-hour spot volume of $370,658,116. Over the last hour, buying pressure is dominant with a 53.6% buy ratio and a positive volume delta of $942,179, indicating immediate accumulation. However, this momentum has faded over the longer term, as the 4-hour buy ratio sits at 46.7% with a negative volume delta of -$4,382,353. The 24-hour buy ratio is 48.2%, and the cumulative volume delta for the day is negative at -$12,027,546. This suggests that while short-term buyers are active, the broader daily flow has been net selling. The Coin Volume Delta shows a positive close of $15,245,515, but this contrasts with the recent negative daily delta, indicating volatile intraday shifts.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Compared to the preceding week, today’s buying activity is slightly weaker than the 7-day average buy ratio of 51.1%, dropping by 2.8 percentage points. Trading volume is also subdued, measuring at 0.93 times the weekly average. Despite this relative calm, the coin has surged 26.5% over the past eight days, accumulating a total volume delta of $77,682,746. This week saw net buying on five out of seven days, suggesting a generally positive trend despite today’s mixed signals. The current price action reflects a continuation of the strong upward movement seen over the last week rather than an isolated event.