$ZEC surged over 22% in 24 hours, hitting $855 on August 23 - its highest price point since 2018. This massive rally was fueled by Grayscale’s filing of a fifth amended registration statement to convert its Zcash Trust into a spot ETF, with CoinGlass reporting ZEC futures volume surpassing $9.5 billion. Is this momentum sustainable for a long-term breakout, or is it purely driven by ETF speculation? #ZEC #Macro Insights# #ETF #Zcash #ETFs