Grayscale Investment has recently launched the first Zcash ETF in the U.S. market. This news pushed the $ZEC price to hit a new eight-year high at one point, but then the price pulled back; as of now, the retracement is about 6%.
As a representative project in the privacy coin sector, the approval and listing of this ETF is undoubtedly another expansion of traditional finance’s coverage of crypto asset categories. In addition to mainstream assets like Bitcoin and Ethereum, niche tracks such as privacy-focused public chains are also starting to receive institutional productization and attention. Will this, in turn, help bring more alternative crypto assets into the mainstream financial arena?
However, the market has also shown the classic “buy the expectation, sell the fact” pattern. After the positive news was realized, the price retreated, which also reflects that the current market remains highly divided over these niche coins. What do you think about this development in the privacy sector? $ZEC
#加密货币 #灰度ETF #Zcash
As a representative project in the privacy coin sector, the approval and listing of this ETF is undoubtedly another expansion of traditional finance’s coverage of crypto asset categories. In addition to mainstream assets like Bitcoin and Ethereum, niche tracks such as privacy-focused public chains are also starting to receive institutional productization and attention. Will this, in turn, help bring more alternative crypto assets into the mainstream financial arena?
However, the market has also shown the classic “buy the expectation, sell the fact” pattern. After the positive news was realized, the price retreated, which also reflects that the current market remains highly divided over these niche coins. What do you think about this development in the privacy sector? $ZEC
#加密货币 #灰度ETF #Zcash