Nasdaq-listed DeFi Technologies Inc. announced on September 29 that its investment product arm, Valour, has launched a Zcash exchange-traded product. The Valour ZCash SEK ETP began trading on Sweden's Spotlight Stock Market with a 1.9% management fee, representing part of the company's broader expansion of Valour ETPs across Europe.
The institutional access to Zcash has expanded with multiple offerings. 21Shares launched Europe's first physically backed Zcash ETP on both Euronext Paris and Amsterdam. Additionally, the Grayscale ZCash ETF (ZCSH) reached $1 billion in assets under management as of September 24.
Recent Price Action and Technical Levels
Zcash has demonstrated strong performance since mid-August, gaining approximately 200% from $480 to $1,400 before a recent pullback from $1,600. On the weekly chart, the cryptocurrency maintained a bullish bias with RSI above 70 and the Chaikin Money Flow at +0.14, indicating strong capital inflows.
However, momentum has cooled around the $1,600 level. The price fell below the 4-hour timeframe's key support at $1,427, which had previously maintained the internal bullish structure. Technical analysts highlighted $1,182 and $1,292 as potential support levels in a deeper retracement scenario, with a drop below $1,041 potentially shifting the technical structure bearish.
