Stock exchange operator Euronext suspended trading of CoinShares' new Zcash exchange-traded product (ZCSH) on Euronext Paris on October 28, 2026, just hours after its debut announcement. Euronext clarified that the freeze stems from Central Securities Depository operational settlement requirements rather than regulatory bans. The suspension delays CoinShares as competitors like 21Shares, Virtune, and Valor already trade Zcash products in Europe ahead of a July 2027 EU regulation barring licensed firms from handling privacy coins.
Euronext suspends CoinShares Zcash ETP
- ▪Euronext's initial public suspension notice issued on October 28, 2026 did not specify a reason for freezing trading in the CoinShares Zcash ETP.
- ▪Euronext Paris suspended trading of the newly launched CoinShares Zcash exchange-traded product
- ▪Euronext spokesperson Flavio Bornancin-Tomasella stated the CoinShares Zcash ETP suspension is due to operational settlement requirements until standard operations are supported by the Central Securities Depository.
CoinShares Zcash product launch
- ▪CoinShares added the new Zcash exchange-traded product to its physical product range
- ▪The CoinShares Zcash ETP carries a 1.50% annual fee and is 100% physically backed by ZEC tokens.
European Zcash product listings
- ▪Firms 21Shares, Virtune, and Valor launched Zcash exchange-traded products in European markets earlier in 2026 prior to the CoinShares suspension.
- ▪The suspended CoinShares fund was set to become the fourth Zcash-based exchange-traded product to list on European markets in 2026.
Grayscale Zcash fund performance
- ▪Grayscale's US-listed Zcash fund recorded its highest weekly inflows since mid-September during the week ending October 23, 2026.
- ▪Grayscale's US-listed Zcash fund held approximately $686 million in assets as of late October 2026 after pulling in $41.1 million in the week ending October 23, 2026.
Zcash features and network history
- ▪Zcash was launched in October 2016 as a Bitcoin codebase fork with a 21 million coin supply limit, proof-of-work consensus, and optional zero-knowledge privacy features.
- ▪Zcash provides optional viewing keys that allow users to grant auditors or regulators access to selective transaction details.
EU regulations target privacy coins
- ▪Former Eurogroup President Paschal Donohoe stated at the 2025 European Anti-Financial Crime Summit that European anti-money-laundering rules must extend beyond traditional financial transfers.
- ▪Former Monero developer Riccardo Spagni described upcoming EU anti-money-laundering regulations as lopsided toward surveillance for barring access to anonymous wallets.
- ▪EU Regulation 2024/1624, adopted on May 31, 2024, will bar licensed crypto firms and exchanges from handling privacy coins like Monero starting July 1, 2027.
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