Zcash Surges Past Eight-Year High as ETF Listing Looms

The price of Zcash (ZEC) has reached an eight-year high of $814.11, recovering from its June decline to $250 caused by a vulnerability in the Orchard pool.

The surge and increase in market capitalization to $13.74 billion were driven by the upcoming listing of the first spot Zcash fund, the Zcash ETF, which is expected to trade under the ticker ZCSH on NYSE Arca on August 25, 2026.

Grayscale Investments has submitted the final documents to the SEC for approval. The fund holds up to 393,000 ZEC worth more than $260 million, with Coinbase serving as custodian.

The community is discussing whether Zcash could eventually 'flip' XRP by market capitalization. Historically established among the world's five largest cryptocurrencies, XRP currently has a market capitalization of $93.45 billion at a price of $1.49 per token.

If Zcash hypothetically reached XRP's current market capitalization, one ZEC would be worth $5,537.93, representing a 680% increase from current levels. Analysts view this scenario as a long-term mathematical benchmark and believe that the true depth of institutional demand for Zcash will be determined by ZCSH's trading volumes during the first few days after its listing.