Zcash Price Surges Before ETF Launch, But Attention Fades

Zcash has been one of the top performers this year, attracting significant institutional capital. Grayscale Investments recently launched the first exchange-traded fund (ETF) that tracks the spot price of ZEC ($841.64 · Live).

Ahead of the ETF's launch on August 25, ZEC climbed from around $509 on August 18 to about $878 on August 23, a gain of roughly 72%. Social mentions reached 232 on August 22, six times the usual August baseline.

The surge in attention did not last. Mentions had returned to their baseline level by the ETF's launch day, suggesting that much of the crowd interest arrived ahead of the market's high.