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9 clusters · 61 sources · 22 days · First seen · Last updated

Zcash hits decade-high near $1,296 amid ETF-driven rally

Overview

Following the launch of Grayscale’s spot Zcash ETF (ZCSH) on NYSE Arca, Zcash (ZEC) has surpassed the $1,000 milestone for the first time in nearly a decade. The token reached intraday highs near $1,029, propelling its market capitalization toward $17 billion and securing a position among the top ten cryptocurrencies by market value. This rally was driven by significant institutional interest, with the Grayscale ETF reporting approximately $34.4 million in net inflows. The price surge was further accelerated by a massive short squeeze, as between $34.5 million and $36.6 million in short positions were liquidated, forcing bearish traders to buy back ZEC. The momentum has sparked broader interest in the privacy-oriented asset sector, evidenced by a 17% jump in Dash (DASH) as investors rotate capital. On the network level, increased profitability continues to drive the Zcash hashrate toward all-time highs, with the network reaching approximately 27.9 GSol/s in late August. Additionally, on-chain metrics indicate 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. Since reaching the $1,000 mark, ZEC has experienced a vertical price move, climbing from approximately $800 to intraday highs near $1,256 in less than two weeks. This surge has pushed the asset’s market capitalization toward $20 billion. The Grayscale ETF has seen rapid adoption, with assets under management (AUM) growing from its initial inflows to between $463 million and over $500 million within weeks of its debut. This growth has been supported by contributions such as 85,705 ZEC from DCG International Investments. Market volatility remains high, marked by significant short liquidations, including a single-day liquidation of approximately $45.32 million. ZEC has recently reached a decade-high price near $1,296, maintaining its position in the top ten cryptocurrencies by market cap.

Entities

Zcash · Grayscale · NYSE Arca · Digital Currency Group · Securities and Exchange Commission

Claims

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Coverage disagrees

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Timeline

  1. 1 day ago

    [BUSINESS] 9 sources
    Zcash hits decade-high near $1,296 amid ETF-driven rally

    Zcash (ZEC) has surged to a decade-high near $1,296, driven by institutional interest in the Grayscale spot ETF. However, technical signals and high volatility suggest potential correction risks.

  2. 8 days ago

    [BUSINESS] 24 sources
    Zcash hits $1,000 milestone amid ETF launch and short squeeze

    Zcash (ZEC) surpassed $1,000 for the first time in eight years, fueled by a $34.5 million short squeeze and significant inflows into Grayscale's new spot Zcash ETF.

  3. 10 days ago

    [BUSINESS] 4 sources
    Zcash market cap exceeds $14 billion following ETF launch

    Zcash (ZEC) saw an 82% surge in August, driven by the launch of a Grayscale spot ETF and expanded accessibility through Peer integration, pushing its market cap above $14 billion.

  4. 17 days ago

    [BUSINESS] 12 sources
    Grayscale launches world's first spot Zcash ETF

    Grayscale has launched the first-ever spot Zcash (ZEC) ETF on the NYSE Arca, converting its long-standing Zcash Trust into a tradable fund to provide investors direct exposure to the privacy-focused asset.

  5. 18 days ago

    [BUSINESS] 4 sources
    Zcash mining revenue surges to $727 per MWh amid price rally

    Zcash mining revenue has surged to an estimated $727 per MWh, significantly outperforming Bitcoin and AI computing workloads following a major price rally and the launch of a U.S. spot ETF.

  6. 19 days ago

    [BUSINESS] 12 sources
    Grayscale launches first spot Zcash ETF on NYSE Arca

    Grayscale has launched the first spot Zcash ETF (ZCSH) on NYSE Arca, converting its long-standing Zcash Trust to provide investors easy access to the privacy coin via traditional brokerage accounts.

  7. 20 days ago

    [TECHNOLOGY] 19 sources
    Zcash hits eight-year high amid ETF optimism

    Zcash (ZEC) has hit an eight-year high, surging past $800 amid Grayscale's push to convert its Zcash Trust into a spot ETF in the United States.

  8. 22 days ago

    [BUSINESS] 16 sources
    Zcash surges past $800 amid Grayscale spot ETF push

    Zcash (ZEC) surged past $800, hitting an eight-year high fueled by Grayscale’s push to launch a spot ETF on NYSE Arca and the successful deployment of the Ironwood network upgrade.

  9. 23 days ago

    [BUSINESS] 5 sources
    Grayscale files to convert Zcash Trust into spot ETF

    Grayscale Investments is seeking to list a Zcash spot ETF on the NYSE Arca, with a DCG subsidiary potentially contributing 200,000 ZEC tokens to the trust.

Sources

ambcrypto.com · bitcoinethereumnews.com · bitcoinsistemi.com · bitnewsbot.com · blockchainreporter.net · blockmedia.co.kr · blocktempo.com · btc-echo.de · captainaltcoin.com · catania7.com · coin-turk.com · coincu.com · coinedition.com · coingape.com · coinpaper.com · coinpedia.org · cointelegraph.com · criptotendencia.com · criptotendencias.com · crypto-insiders.nl · crypto.news · cryptobriefing.com · cryptonewsland.com · cryptoninjas.net · cryptonomist.ch · cryptopolitan.com · cryptosnewss.com · decrypt.co · detlionblood32.wordpress.com · dmarketforces.com · dumfinanci.cz · ekonomika.lt · en.bitcoinsistemi.com · eurweb.com · exame.com · finex.cz · fortune.com · hedgeco.net · koinbulteni.com · kriptotarca.hu · kryptolehti.fi · kryptomagazin.cz · mycryptoparadise.com · news.bitcoin.com · paratic.com · phocapblockchain.net · portaldobitcoin.uol.com.br · pravnenoviny.sk

This summary has been updated 19 times: see revision history