Grayscale's Zcash ETF Proposal Sends ZEC Soaring

Zcash (ZEC) jumped over 42% in one day to reach above $800 for the first time since late 2025. This significant price increase was largely driven by Grayscale's regulatory filing with the SEC to convert its Zcash Trust into an exchange-traded fund (ETF).

The move highlights Zcash's growing maturity as a privacy-focused cryptocurrency and could pave the way for more privacy crypto ETFs if approved by the SEC.

However, investors should exercise caution due to past price volatility. The approval timeline remains uncertain, despite Grayscale's proposal.