ZEC hits an 8-year high today at $865, with gains of over 62% this week!
The reason behind it is simple: Grayscale has applied to convert its ZEC trust fund into a spot ETF, following the same playbook as BTC and ETH back then. The moment the news broke, money poured in immediately.
Current price is $831, and the 24-hour high reached $888.
What’s interesting is that the last time ZEC was at this level was in early 2018—an entire eight-year stretch of silence. The ETF listing is expected around August 25; these next couple of days will be the key window.
However, whether there will be follow-through after the ETF news lands depends on the institutions’ actual subscription results. Short-term volatility could be pretty intense—if you have positions, watch the risks.
Click the small card below to quickly check the market👇
#ZEC #Zcash #ETF #加密货币 #cryptoworld
The reason behind it is simple: Grayscale has applied to convert its ZEC trust fund into a spot ETF, following the same playbook as BTC and ETH back then. The moment the news broke, money poured in immediately.
Current price is $831, and the 24-hour high reached $888.
What’s interesting is that the last time ZEC was at this level was in early 2018—an entire eight-year stretch of silence. The ETF listing is expected around August 25; these next couple of days will be the key window.
However, whether there will be follow-through after the ETF news lands depends on the institutions’ actual subscription results. Short-term volatility could be pretty intense—if you have positions, watch the risks.
Click the small card below to quickly check the market👇
#ZEC #Zcash #ETF #加密货币 #cryptoworld