Privacy coins are having a moment — ZEC just surged past $1,200, a move that has the market re-examining a narrative that had been quiet for years. 🔍 The catalyst? Grayscale's ZCSH ETF has quietly accumulated over $460M in assets, with institutional inflows picking up meaningfully in recent weeks. What makes ZEC interesting from a structural standpoint is that it shares Bitcoin's fixed 21M supply cap while offering shielded, private transactions on top. As ETFs continue to expand the universe of assets institutions can touch, assets that were once considered niche or regulatory risks are getting a second look. The BTC gold correlation also hit a 6-year high this week, suggesting the broader market is leaning harder into the inflation-hedge and scarcity narratives. 🪙 Interesting times to be watching how capital is rotating across the space.