Grayscale rarely speaks up, saying ZEC has the potential to challenge Bitcoin’s share.
But after the price surged past 888, it turned around and fell to around 780.
In the same week, Grayscale’s Zcash spot ETF was listed on the NYSE, becoming the world’s first privacy coin ETF.
Zcash’s official account also called out: privacy is to shield ZEC.
The core disagreement isn’t about technology, but about this: after the “compliance on-ramp” is opened, who is selling.
A whale moved 34,000 ZEC to Hyperliquid and swapped it for BTC.
And the community has also compared it to the pullback after the BTC ETF was listed years ago.
The privacy narrative is real—but so is the turnover of positions.
The question is: when traditional capital finally gets to buy privacy coins, will this track be repriced, or will the old capital use the opportunity to exit?
But after the price surged past 888, it turned around and fell to around 780.
In the same week, Grayscale’s Zcash spot ETF was listed on the NYSE, becoming the world’s first privacy coin ETF.
Zcash’s official account also called out: privacy is to shield ZEC.
The core disagreement isn’t about technology, but about this: after the “compliance on-ramp” is opened, who is selling.
A whale moved 34,000 ZEC to Hyperliquid and swapped it for BTC.
And the community has also compared it to the pullback after the BTC ETF was listed years ago.
The privacy narrative is real—but so is the turnover of positions.
The question is: when traditional capital finally gets to buy privacy coins, will this track be repriced, or will the old capital use the opportunity to exit?