Euronext Halts CoinShares Zcash ETP Debut

Stock exchange operator Euronext suspended the scheduled Wednesday debut of CoinShares’ Zcash exchange-traded product (ETP) on Euronext Paris, citing operational settlement requirements. According to an exchange notice, the ETP trading suspension for ticker ZCSH will remain in effect until further notice.

Flavio Bornancin-Tomasella, press and communications manager at Euronext, told Cointelegraph that the product will stay suspended until standard settlement operations can be fully supported by the Central Securities Depository (CSD). Bornancin-Tomasella emphasized that the measure is strictly limited to operational settlement requirements.

The unexpected suspension notice delays what would have been the fourth Zcash-based ETP listed in Europe. Other financial institutions that launched Zcash ETPs earlier in the year include 21Shares, Virtune and Valor.

CoinShares announced the planned launch of its ZCASH ETP on Euronext Paris earlier on Wednesday. Cointelegraph contacted CoinShares for comment on the matter but did not receive a response prior to publication.

Key Facts

• Euronext suspended the CoinShares Zcash ETP (ZCSH) on Euronext Paris on Wednesday.
• The suspension was attributed to operational settlement requirements by a Euronext spokesperson.
• Trading will remain halted until settlement operations are supported by the Central Securities Depository.
• The delay affects the fourth planned Zcash-based ETP listing in Europe.