Zcash soars to eight-year high amid crypto rally, and hopes of an ETF approval

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) reached $814, its highest in 8 years, with a market cap of $13.74B, driven by the upcoming NYSE listing of a Zcash ETF. Grayscale's ZCSH fund, with 393,000 ZEC, is set to begin trading on August 25, 2026. The surge has sparked discussions about Zcash potentially surpassing XRP's market cap, which stands at $93.45B.

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.