Zcash ETF Sees Rapid Growth as Cryptocurrency Market Hits $2.9 Trillion

The cryptocurrency market has seen significant growth in recent months, with over $2.9 trillion in combined market capitalization as of September 28.

Two new exchange-traded funds (ETFs) have been gaining attention for their potential upside: the Grayscale Zcash ETF and the Bitwise Hyperliquid ETF.

The Grayscale Zcash ETF, which converted from a trust to an ETF about a month ago, has seen rapid growth with $995.7 million in assets under management as of September 25.

Zcash co-founder Eli-Ben Sasson recently predicted that the digital currency could reach $5,000 by the end of this year, implying a potential tripling from current levels and powering the Grayscale ETF higher.