Zcash (ZEC) crossed above $1,600 for the first time since 2016 after 21Shares launched Europe’s first Zcash ETP on Euronext Paris and Amsterdam. The physically backed product is available through traditional brokerage accounts with an annual management fee of 2.5%. The price reached an intraday high of approximately $1,643 on September 23, with 24-hour volume of $1.77 billion, up 61.1% from the previous day. CoinGlass data shows the move caused approximately $21.62 million in liquidations in 24 hours, with $19.39 million hitting short positions. ZEC is up 10% over 24 hours, 43% over seven days and over 91% over 30 days.
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