Euronext suspends CoinShares’ Zcash ETP before it could debut in Paris

The exchange operator cited operational settlement requirements, leaving the privacy coin product stuck at the starting line until further notice CoinShares had a Zcash exchange-traded product ready to go on Euronext Paris this Wednesday. The opening bell rang, but the product was not part of it. Euronext suspended the CoinShares Zcash ETP, which trades under the ticker ZCSH, on the same day it was scheduled to begin trading. The suspension holds until further notice. What Euronext actually said The exchange operator announced the halt in a notice published Wednesday. That notice confirmed the product would not trade on Euronext Paris until further notice. A Euronext spokesperson explained the reasoning to Cointelegraph. The spokesperson pointed to “operational settlement requirements” as the cause of the suspension. According to the spokesperson, the halt stays in place until the central securities depository, or CSD, supports settlement operations for the product. The pause does not appear to be a judgment on Zcash itself. It is about the plumbing. European exchange-traded products are often built differently from UCITS ETFs, the regulated fund wrapper common across the continent...