Valour, the investment-product arm of DeFi Technologies, launched the Valour Zcash (ZEC) SEK ETP on Sweden's Spotlight Stock Market on September 29, 2026, offering European investors brokerage-based exposure to ZEC without requiring direct token ownership or self-custody. The open-ended, Swedish krona-denominated product trades under ISIN CH1108681763 and charges a 1.9% annual management fee. The listing followed 21Shares' September 22 launch of a physically backed Zcash ETP in Paris and Amsterdam and came as the Grayscale Zcash ETF, ZCSH, reportedly reached $1 billion in assets under management on September 24. ZEC's rally has attracted growing institutional-product activity, but the token's momentum has weakened after a retreat from about $1,600. Technical analysis cited support areas near $1,292 and $1,182, while a move below $1,041 would turn the four-hour market structure bearish.