$ZEC is up 5.8% today.
And this time, there is a catalyst worth paying attention to.**
Since midnight in Türkiye:
$1,156 → $1,223
ZEC traded as high as:
$1,263
today.
But the bigger number isn’t the price.
It’s:
$500 MILLION.
Grayscale’s Zcash ETF, $ZCSH, has now crossed $500M in assets roughly two weeks after launching on NYSE Arca.
The fund now holds:
550,000+ ZEC
or roughly 3% of the circulating supply.
Grayscale data also shows more than $70M in cumulative inflows since launch, on top of a $100M investment from DCG International.
That’s why today’s move looks different from a random privacy-coin pump.
Price today: +5.77%
Rolling Futures 24H: +8.38%
Binance Spot volume today: ~$96M
The bigger question now:
If one investment product keeps removing ZEC from liquid supply, what happens if demand remains elevated?
And this time, there is a catalyst worth paying attention to.**
Since midnight in Türkiye:
$1,156 → $1,223
ZEC traded as high as:
$1,263
today.
But the bigger number isn’t the price.
It’s:
$500 MILLION.
Grayscale’s Zcash ETF, $ZCSH, has now crossed $500M in assets roughly two weeks after launching on NYSE Arca.
The fund now holds:
550,000+ ZEC
or roughly 3% of the circulating supply.
Grayscale data also shows more than $70M in cumulative inflows since launch, on top of a $100M investment from DCG International.
That’s why today’s move looks different from a random privacy-coin pump.
Price today: +5.77%
Rolling Futures 24H: +8.38%
Binance Spot volume today: ~$96M
The bigger question now:
If one investment product keeps removing ZEC from liquid supply, what happens if demand remains elevated?