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Zcash hits $1,000 milestone amid ETF launch and short squeeze
Zcash (ZEC) has achieved a major milestone, with its price surpassing $1,000 for the first time in eight years. The rally, which saw the token climb approximately 20% in a single 24-hour period, was significantly accelerated by a massive short squeeze. Market data indicates that roughly $34.5 million in bearish leveraged positions were liquidated, providing the momentum necessary to push the asset to intraday highs near $1,029.
Institutional interest has played a central role in this price discovery. Grayscale's recent conversion of its Zcash Trust into a spot ETF (ticker: ZCSH), which began trading on NYSE Arca on August 25, has provided a regulated avenue for investors to gain exposure to the privacy-focused protocol. Since its launch, the ZCSH ETF has attracted approximately $34.4 million in net inflows.
Beyond institutional access, the Zcash network is seeing increased fundamental activity. The network hashrate has surged toward record levels, reaching approximately 27.9 GSol/s in late August, driven by improved mining profitability. Additionally, on-chain metrics show that the shielded supply—the portion of ZEC held in privacy-preserving addresses—has grown to approximately 4.86 million ZEC, representing about 29% of the total supply.
Entities
Bitmain · Coinbase · Coinbase Custody · Dash · Grayscale · NYSE Arca · SEC · Zcash
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Approximately $34.5 million in Zcash short positions were liquidated during the price surge. bitcoinethereumnews.com · coin-turk.com · cryptobriefing.com
- [● 2 SOURCES] Zcash's price increase is driven by its limited supply and growing demand for digital privacy. www.bitcoinsistemi.com · www.cryptopolitan.com
- [● 3 SOURCES] Grayscale's Zcash ETF (ZCSH) has seen approximately $34.4 million in net inflows since its August 25 launch. koinbulteni.com · dmarketforces.com · exame.com
- [○ 1 SOURCE] Zcash has a total supply cap of 21 million tokens. www.bitcoinsistemi.com
- [● 5 SOURCES] Zcash (ZEC) price exceeded $1,000 for the first time on September 4, 2026. bitcoinethereumnews.com · www.tronweekly.com · coin-turk.com · exame.com
- [● 2 SOURCES] The Zcash network hashrate reached approximately 27.9 GSol/s in late August. cryptosnewss.com · news.bitcoin.com
- [DISPUTED] Zcash's market capitalization reached approximately $17 billion during the rally. www.tronweekly.com
- [● 2 SOURCES] The shielded supply of Zcash has grown to approximately 4.86 million ZEC. dmarketforces.com · cryptobriefing.com