Can Zcash Flip XRP? NYSE ETF Launch Boosts Privacy Coin to 8

Zcash (ZEC) reached an eight-year high after Grayscale filed to convert its Zcash Trust into an ETF, pending SEC approval. The rally follows broader crypto market gains, with Bitcoin near $80,000. Zcash offers privacy features, attracting investors seeking alternatives to Bitcoin. However, its privacy could also facilitate illicit activities.

Grayscale updated its S-3 form for a Zcash ETF, aiming to list on NYSE Arca on August 25 with a 2.5% fee. ZEC price rose 7%, and futures open interest surpassed DOGE and BNB, indicating investor interest.

Zcash (ZEC) surged to an 8-year high, briefly reaching $855, as Grayscale filed to convert its Zcash Trust into a US ETF under ticker ZCSH. The SEC has not yet approved the filing. Grayscale's Zcash Trust has over $260M in assets. The ETF aims to reduce the gap between the trust's share price and ZEC's value, with a 2.5% annual fee. DCG, Grayscale's parent, may contribute 200,000 ZEC, raising ownership concentration concerns.

Zcash (ZEC) reached an 8-year high after Grayscale filed an amended registration for a Zcash ETF with the SEC. The fund, if approved, would be the first US ETF to directly track Zcash, with a 2.5% annual fee and shares listed as ZCSH. ZEC surged 34% in 24 hours, crossing $800 for the first time since 2018.

Zcash (ZEC) reached a new all-time high of $857, driven by ETF speculation. Grayscale's filing suggests a ZEC ETF could launch on NYSE Arca by August 25, with Coinbase providing custody. ZEC's open interest surged to $1.5 billion, indicating high trading activity and potential liquidation risks.

The crypto market gained $400B in days, led by Bitcoin's rally. Zcash surpassed $800, driven by ETF progress and derivatives activity. Solana began a phased rollout to improve performance. Over $1.48B in short liquidations occurred as Bitcoin neared $80,000, with Treasury buybacks contributing to the rally.