Zcash Surges to 8-Year High Ahead of Grayscale ETF Debut

Zcash (ZEC) has hit an eight-year high of $814 after a surge in price ahead of its Grayscale ETF debut on NYSE Arca scheduled for August 25, 2026. The increase follows a recovery from a security issue and pushed Zcash's market cap to $13.74 billion.

This has reignited discussions about whether Zcash could surpass XRP, which currently has a market cap of $93.45 billion. While analysts see a long-term possibility for Zcash to flip XRP, the initial trading volumes of the Grayscale Zcash ETF will be key in gauging institutional demand and future price momentum.