U.S. first spot XRP ETF crashes 40%. The first U.S. spot XRP ETF has fallen more than 40% from its peak despite attracting significant institutional capital since launch. In this vein, Canary Capital's Canary XRP ETF (NASDAQ: XRPC), the first U.S. exchange-traded fund holding spot XRP, is currently trading at $15.94, down 40.1% from its peak after debuting in late 2025. The fund is also down 21.24% year-to-date, making it one of the weakest-performing crypto ETFs since launch. However, it has shown signs of stabilization, gaining 6.7% over the past month after bottoming near the $11 to $12 range during the summer. The decline comes despite a strong debut. When the fund launched in November 2025, it generated approximately $58 million in first-day trading volume, the strongest opening-day performance among nearly 900 ETFs introduced that year. Since launching in late 2025, the seven U.S. spot XRP ETFs have accumulated roughly $1.79 billion in net inflows and currently manage between $1.66 billion and $1.77 billion in assets. Collectively, the funds hold about 1.18 billion XRP, equivalent to roughly 1.2% of the token's total supply and nearly 1.9% of circulating supply. Canary's XRPC was followed by competing products from Bitwise, Franklin Templeton, Grayscale, 21Shares, and REX-Osprey, creating a growing market for regulated XRP exposure in the United States. Notably, the United States was not the first country to launch a spot XRP ETF. Brazil led the way in April 2025 with Hashdex's XRPH11, followed by Canada in June 2025 with Purpose Investments' XRP ETF and competing products from Evolve and 3iQ. XRP price struggles. However, the influx of capital has not translated into sustained gains for XRP. The cryptocurrency trades around $1.50, far below its 2025 peak near $3.65. Several factors have limited the impact of ETF demand on XRP's price. Unlike Bitcoin ETFs, which have attracted tens of billions of dollars in inflows, XRP ETF demand remains relatively modest. Bitcoin spot ETFs have accumulated roughly $57 billion to $58 billion in net inflows and now control well over $100 billion in assets. ETF mechanics have also reduced the direct impact on spot prices. New ETF shares can be created through over-the-counter transactions or in-kind transfers rather than aggressive buying on public exchanges. Market-maker hedging and periodic redemptions can further offset buying pressure. At the same time, long-term XRP holders have continued selling into rallies, creating overhead supply that has absorbed fresh institutional demand. XRP's strong correlation with Bitcoin (BTC) has also weighed on performance. While Bitcoin remains the preferred digital asset allocation for many institutions, XRP has struggled to attract similar levels of capital, particularly with BlackRock opting not to launch an XRP ETF due to what it views as insufficient client demand compared to Bitcoin and Ethereum (ETH) products.

Zcash gets first European ETP as 21Shares lists fund in Paris and Amsterdam. 21Shares lists Europe's first Zcash ETP on Euronext Paris and Amsterdam with a 2.5% fee as ZEC hits $1,680 before easing to $1,522. Tldr. Table of Contents * 21Shares listed Europe's first Zcash exchange-traded product on Euronext Paris and Amsterdam on Sept. 22. * The physically backed fund charges a 2.5% annual fee and uses BitGo as its custodian. * The fund launched with about $100,000 in assets and a net asset value of $20.04 per unit. * Zcash hit an intraday high near $1,680 on Wednesday before falling about 6.6% to roughly $1,522. * Grayscale's US Zcash ETF holds close to $890 million and completes a 3-for-1 share split on Sept. 30. 21Shares has listed Europe's first Zcash exchange-traded product. The fund began trading on Euronext Paris and Euronext Amsterdam on Sept. 22. The product charges a 2.5% annual management fee. That is higher than what most Bitcoin and Ether products charge on the same exchanges. 21Shares also listed a second product on the same day. It tracks ETHFI, the governance token of the restaking protocol ether.fi, and carries the same fee. How the new Zcash fund works. Both funds are physically backed. This means they hold the actual tokens with institutional custodians instead of tracking futures contracts. 21Shares named BitGo as the custodian for the Zcash product. The fund trades in euros in Paris and in dollars in Amsterdam. The fund started small. It had 5,000 securities outstanding, a net asset value of $20.04 per unit, and about $100,000 in assets on its first day, according to the 21Shares factsheet. The product lets investors buy Zcash exposure through a regular brokerage account. They do not need to open a crypto exchange account or manage private keys. Losing private keys can mean losing coins for good. The fund avoids that risk, but its fee also covers custody of an asset that custodians handle less often than Bitcoin or Ether. Zcash is a privacy coin. Users can shield their balances and transfers, while Bitcoin and Ethereum are transparent by default. Zcash is built on Bitcoin's code. It keeps the 21 million coin cap, proof-of-work mining and halving schedule, but adds optional shielded transactions that hide the sender, receiver and amount. Last week, coinholders voted 98.9% to keep the Bitcoin-style halving model. The other option was a smoother issuance schedule. Zcash price and Grayscale ETF. Zcash has gained more than 2,700% this year. The token pushed past $1,600 after the listing on Tuesday. On Wednesday, it hit an intraday high near $1,680. It then fell back to about $1,522, a drop of about 6.6% on the day. Zcash has a market value near $27.5 billion. That makes it the ninth-largest crypto asset. The European listing follows Grayscale's Zcash ETF, which launched Aug. 25 on NYSE Arca. Grayscale converted its nine-year-old Zcash Trust into the ETF. The Grayscale fund has pulled in more than $233 million and holds close to $890 million in assets. It will complete a 3-for-1 share split on Sept. 30. Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com September 24, 2026

Zcash ETP debuts in Europe as 21Shares expands crypto. September 22nd, 2026 21Shares launches Europe's first Zcash ETP, expanding investment options for traders. Here's why it matters for the market. Quick take. Summary is AI generated, newsroom reviewed. * 21Shares introduces the first Zcash ETP in Europe, enhancing investment options. * ETP listed on Euronext Paris and Amsterdam, alongside an ETHFI product. * The new ETP offers regulated exposure to Zcash without direct custody. Sponsored: Coinfomania - Get your ad in the spotlight. Book your slot! 21Shares has launched Europe's first exchange-traded product (ETP) tied to Zcash, marking a significant milestone in the crypto investment landscape. This product is now available on Euronext Paris and Amsterdam, alongside an ETP tracking Etherfi's governance token, ETHFI. The move is notable as it offers regulated exposure to Zcash via traditional brokerage accounts, eliminating the need for direct token custody. This development could attract more institutional and retail investors into the Zcash ecosystem. Inside the move. The introduction of the Zcash ETP comes at a time when the broader crypto market is displaying mixed signals, with varying momentum across major assets. While Zcash's current price sits at $0, the launch of the ETP may signal renewed interest and potential upward movement in trading activity. The product carries a management fee of 2.5%, positioning itself as an accessible option for investors looking to gain exposure to Zcash in a regulated environment. This follows the recent launch of Grayscale's spot Zcash ETF in the U.S., indicating a growing acceptance of privacy-focused cryptocurrencies in mainstream finance. Price action breakdown. The crypto market's current landscape is characterized by a lack of significant price movements, with Zcash currently priced at $0. The absence of trading volume suggests thin flow, but the launch of the ETP could catalyze increased activity as investors seek regulated avenues for crypto exposure. The introduction of ETPs for Zcash and ETHFI offers a new framework for investors to engage with these assets, potentially leading to more robust trading volumes over time. Zcash is a privacy-focused cryptocurrency that allows users to send and receive funds with enhanced anonymity. The jurisdiction of 21Shares allows them to offer products that comply with European regulations, making it easier for traditional investors to access cryptocurrencies through familiar financial instruments. The launch of this ETP signifies a broader acceptance and integration of digital assets within traditional financial markets. Where do Coinfomania go from here. Traders should keep an eye on the performance of the new Zcash ETP as it could influence market sentiment and trading volumes. The potential for increased institutional interest may lead to notable price movements, particularly if the ETP garners significant trading activity. Additionally, watching how Zcash performs relative to other cryptocurrencies will provide insights into investor sentiment within the privacy coin space.