đ„ BULLISH: Zcash is making serious noise.
$ZEC just exploded to an eight-year high, briefly pushing as high as $855 after trading around the $836 level. Thatâs its strongest price since 2018.
And the timing is hard to ignore.
Grayscale has filed its fifth amended registration with the SEC as it works to convert the existing Grayscale Zcash Trust into a spot ETF. The latest filing gives the proposed product a 2.5% annual sponsor fee, with plans to rename it The Zcash ETF. If approved, it would become the first U.S. ETF to directly track ZEC.
The excitement is showing up in trading activity too.
ZEC futures volume jumped above $9.5 billion in 24 hours, while open interest reached around $1.8 billion. Thatâs a huge amount of activity around a coin that was trading near $250 during its June crash.
Thereâs another interesting detail: a Digital Currency Group subsidiary has been discussing a possible contribution of around 200,000 ZEC to the fund. Nothing is guaranteed yet, but it adds another layer to the story.
From roughly $250 in June to above $800 nowâŠ
$ZEC has completely changed the conversation.
The ETF is not approved yet, so thereâs still plenty of uncertainty. But with price, volume and institutional attention all heating up at the same time, Zcash has suddenly become one of the most interesting crypto stories to watch.
$ZEC just exploded to an eight-year high, briefly pushing as high as $855 after trading around the $836 level. Thatâs its strongest price since 2018.
And the timing is hard to ignore.
Grayscale has filed its fifth amended registration with the SEC as it works to convert the existing Grayscale Zcash Trust into a spot ETF. The latest filing gives the proposed product a 2.5% annual sponsor fee, with plans to rename it The Zcash ETF. If approved, it would become the first U.S. ETF to directly track ZEC.
The excitement is showing up in trading activity too.
ZEC futures volume jumped above $9.5 billion in 24 hours, while open interest reached around $1.8 billion. Thatâs a huge amount of activity around a coin that was trading near $250 during its June crash.
Thereâs another interesting detail: a Digital Currency Group subsidiary has been discussing a possible contribution of around 200,000 ZEC to the fund. Nothing is guaranteed yet, but it adds another layer to the story.
From roughly $250 in June to above $800 nowâŠ
$ZEC has completely changed the conversation.
The ETF is not approved yet, so thereâs still plenty of uncertainty. But with price, volume and institutional attention all heating up at the same time, Zcash has suddenly become one of the most interesting crypto stories to watch.
