Euronext halts CoinShares Zcash ETP over settlement concerns
In short
Euronext stopped CoinShares’ Zcash ETP before it could start trading. A spokesperson said the halt was due to operational settlement requirements and will stay in place until the CSD supports settlement operations.
This delays the product’s debut and leaves the timing unclear. The report does not say when trading will begin or whether investors were already involved.
What the reporting says
Euronext halted CoinShares’ Zcash ETP ahead of its debut because of operational settlement requirements, according to a Euronext spokesperson. The suspension remains in place until settlement operations are supported by the CSD. The reporting does not state when the product was due to launch, whether investors were affected, or when trading might resume.
Why it matters
Euronext is reported to have halted CoinShares’ Zcash ETP ahead of debut because of operational settlement requirements. The suspension will remain until the CSD can support settlement operations. The source does not say when the product was scheduled to launch, whether any orders were affected, or how long the suspension may last.