$ZEC ZEC +27%, back to $726.

Three catalysts:

1️⃣ Grayscale's ZCSH ETF filing (NYSE, BNY Mellon as admin) – SEC decision pending.

2️⃣ Grayscale: Zcash privacy is "mission-critical" in the AI era. Shielded txs now 90% of network.

3️⃣ ZEC = just 0.6% of crypto market cap. A re-rate to 5% implies ~9x upside.

Ironwood upgrade squeezed shorts.

Bottom line: Institutional infrastructure building. Watch the SEC filing.