ZEC Jumps 5.51% to $1,635 After Europe's First Zcash ETP Debut
- —ZEC gained 5.51% in 24 hours to $1,635.83, intraday high $1,683.06
- —21Shares launched Europe's first Zcash ETP with a 2.5% annual fee
- —US Zcash ETF assets topped $1 billion, but less than a third is new money
- —RSI at 71 and stochastic at 92.5 signal overbought; volume 18% below average
Why it matters: Institutional access via the ETP strengthens the privacy narrative, but overbought technicals raise the risk of a near-term correction.
Source: DiarioBitcoin