A privacy coin ETF pulled in $233 million in a month—what did Grayscale do next? A stock split: 1-for-3.
This move is too familiar to me. Retail sees the lower unit price and thinks it’s cheaper, while institutions want to get ZEC into more accounts’ allocation shopping lists. At the same time, Zcash’s NU7 upgrade is set for November—block times are tightened to 25 seconds, and starting in 2031 at least 60% of transaction fees will go toward topping up miner rewards. The privacy narrative is being turned into a standardized financial product; price moves up and down are just side effects.
ZEC is currently ranked 9th by market cap, and it’s down 7.2% over the past 24 hours. I’m not looking at how much it will rise this week. I’m looking at how many new accounts actually keep holding ZEC as an allocation. $ZEC
This move is too familiar to me. Retail sees the lower unit price and thinks it’s cheaper, while institutions want to get ZEC into more accounts’ allocation shopping lists. At the same time, Zcash’s NU7 upgrade is set for November—block times are tightened to 25 seconds, and starting in 2031 at least 60% of transaction fees will go toward topping up miner rewards. The privacy narrative is being turned into a standardized financial product; price moves up and down are just side effects.
ZEC is currently ranked 9th by market cap, and it’s down 7.2% over the past 24 hours. I’m not looking at how much it will rise this week. I’m looking at how many new accounts actually keep holding ZEC as an allocation. $ZEC