Zcash Surges Past $800 as Grayscale ETF Conversion Adds Fuel to Privacy Coin Rally

Zcash (ZEC) has surged past its January 2018 peak of $800, up around 48% in recent trading. This jump follows Grayscale's progress towards converting its Zcash Trust into a spot ETF.

The combination of the ETF conversion and high futures volume has turned ZEC into a momentum magnet for traders who remember what happens when an older coin suddenly re-enters the 'next Bitcoin' conversation.

Grayscale's filing shows fresh progress toward converting its Zcash Trust into a spot ETF. The structural signal is significant, as it changes how the market can access ZEC.