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Crypto Regulation

Euronext Halts CoinShares Zcash ETP Before Debut Over Settlement

Euronext has suspended CoinShares’ Zcash exchange-traded product ahead of its planned debut, citing operational settlement requirements. A Euronext spokesperson said the suspension remains in effect until settlement operations are supported by the central securities depository (CSD). The halt delays the listing of the ETP, which would give investors exposure to Zcash.

Original source

AI take

The delay is a plumbing problem, not a verdict on Zcash: a CSD settlement gap stopped a listing that had already cleared the product-design stage. That distinction matters for the wider crop of single-asset crypto ETPs in Europe, where exchange readiness and depository support — not demand — increasingly set the timetable. For CoinShares, the reputational cost is a launch that slipped publicly. The open question is whether the CSD support arrives quickly enough to keep the listing in view, or whether the product quietly resets its debut.

Generated by AI for reference only.

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