Zcash Surges on ETF Launch, Mining Boom, Macro Rally

Zcash has seen a significant surge in price over the last 17 hours, with a gain of 7.93 percentage points.

This move is part of a larger breakout driven by several factors, including the launch of Grayscale's Zcash ETF on NYSE Arca and a broad risk-on crypto rally.

The new ETF has brought fresh institutional and brokerage capital into ZEC, making it the only major privacy coin with a US spot ETF wrapper.

ZEC is also benefiting from high mining profitability and a surge in network hashrate, with record mining profits and a hashrate boom contributing to its growth.