Crypto
Zcash Pulls Back After Extensive Rally on Grayscale ETF
Zcash recently experienced a pullback of 4.16% after a significant rally driven by its ETF, Grayscale's ZCSH spot Zcash ETF, which was launched on NYSE Arca in August 2026.
The ETF has attracted a large amount of assets, growing from around $304 million to over $400 million, and has contributed to the surge in ZEC's price, which has risen thousands of percent since its 2024-2025 lows.
The recent pullback is seen as a normal correction after an extended rally, rather than a sign of any new issues with the protocol or the underlying asset.