Euronext suspends CoinShares Zcash ETP trading, saying the settlement system is not yet able to provide support
BIBIBI
AT A GLANCE
Euronext suspended CoinShares Zcash ETP trading on the Paris market because the settlement system does not currently support standard operations.
Article
Euronext suspends CoinShares Zcash ETP trading, citing the settlement system's inability to provide support
According to BlockBeats,October 29, Euronext October 28 suspended trading of CoinShares' newly launched Zcash ETP(ticker ZCSH) on the Paris market, only hours after the product was listed. An Euronext spokesperson said the suspension was because the central securities depository (CSD) is currently unable to support standard settlement operations, rather than due to a regulatory issue; the product will resume once settlement conditions are met.
The product is fully backed by ZEC and denominated in EUR, with an annual fee of 1.50%. Currently, 21Shares, Virtune, and Valor Zcash ETP are still trading in Europe. Grayscale's U.S. Zcash fund had approximately October in assets under management as of late 686000000 USD，October 23, with net inflows of approximately 41100000 USD that week.
Original link https://m.theblockbeats.info/flash/374315
Key points
01
Euronext October 28 suspended trading of CoinShares' newly launched Zcash ETP(ticker ZCSH) on the Paris market.
02
The report said the suspension occurred only hours after the product was listed.
03
An Euronext spokesperson said the central securities depository (CSD) is temporarily unable to support standard settlement operations, and the suspension is not a regulatory issue.
04
The spokesperson said trading in the product will resume once settlement conditions are met.
05
The product is fully backed by ZEC and denominated in EUR, with an annual fee of 1.50%。
06
The report stated that 21Shares, Virtune, and Valor Zcash ETP are still trading in Europe.
07
The report stated that Grayscale's U.S. Zcash fund had approximately October in assets under management as of late 686000000 USD，October 23, with net inflows of approximately 41100000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This product, with ticker ZCSH, was suspended from trading only hours after its listing on the Paris market. The report cited an Euronext spokesperson as saying that the issue was the central securities depository's temporary inability to complete standard settlement, rather than a regulatory reason; trading will resume only once settlement conditions are met.
Why it matters to readers
The suspension temporarily prevents ZCSH from trading normally on the Paris market, while the report also states that other institutions' Zcash ETP are still trading in Europe. The key follow-up points are when settlement conditions will be met and when trading will resume.
Beginners should distinguish between a “trading suspension” and a “regulatory ban”: according to the spokesperson cited in the report, this suspension stems from insufficient settlement support, not a regulatory issue, but no resumption date has been provided.
Risks and unknowns
The evidence consists only of a BlockBeats retelling, without an official announcement from Euronext or CoinShares.
ZCSH The specific time for trading to resume is unknown.
It is unknown when the central securities depository will be able to support standard settlement operations.
The article does not state the original data source for the assets-under-management and net-inflow figures.
Related Developments
Loading event timeline…
Related concepts
ETP
This term is not in the glossary yet. Browse related concepts in the glossary.
