A CoinShares report this week points to a quiet decoupling. From Q2 2025 to Q2 2026, total DeFi deposits fell ~15%. Over the same window, RWA deposits in lending and DEX protocols rose from $2.3B to $7.4B, more than 3x, while RWA spot volume climbed ~220%. RWA demand is starting to move on its own logic, driven by real yield and utility rather than the crypto cycle.

Euronext suspended the CoinShares Zcash ETP, ticker ZCSH, on its first trading day in Paris until the central securities depository can fully support settlement, while a 21Shares Zcash ETP has traded since September. Full BSCN Daily episode:

Euronext Suspends CoinShares’ Zcash ETP on Its Very First Day @Euronext has temporarily suspended trading of the recently launched @Zcash exchange-traded product, $ZCSH, on its first day of trading at Euronext Paris. The stock market imposed an “until further notice” suspension on the new product, which aimed to offer regulated European exposure to Zcash $ZEC. The reasons for the temporary suspension remain unclear, and no timeline has been given for when the product can return to trading. A listing-day suspension is unusual and raises some concerns about privacy coins.

🚨 JUST IN: CoinShares’ Staked SEI ETP is now listed on Interactive Brokers (IBKR) — expanding regulated, mainstream brokerage access to SEI exposure. IBKR is one of the world’s largest electronic brokerages, serving 200+ countries and executing more than 2.6M trades per day.

Presented by our partners at @CoinSharesCo: Digital Asset Analyst & Investment Strategist Matt Kimmell joins Boardroom Exclusives to discuss the evolution of Bitcoin from "digital gold" to an industrial powerhouse. Matt breaks down the massive shift of mining infrastructure to the U.S. and explains how these companies are now pivoting to win the AI arms race by repurposing high-performance data centers for the next generation of computing.

JUST IN: Q2 SEC filings reveal brokerages were top net buyers of Bitcoin ETFs — CoinShares. 🔸 Jane Street top net buyer | market maker. 🔸 Brevan Howard top seller | advisor. 🔸 Total 13F filers held 264k BTC, flat vs Q1. 👉 No signs of long-term holders adding.