Zcash Market Cap Tops $20B After Grayscale Launches NYSE Privacy ETF

Zcash climbed to its highest price since 2016 this week, pushing the privacy-focused cryptocurrency’s market capitalization over $20B. The token surged 138% over the past 30 days, reaching a peak of $1,249.28 before retreating to about $1,195. The aggressive rally follows Grayscale's August 25 conversion of its Zcash Trust into an exchange-traded fund. Trading under the ticker ZCSH on NYSE ARCA, the new ETF gives traditional brokerage accounts direct exposure and closed Friday with $463.2M in assets under management. "For users that prioritize privacy, this could become a ‘must have’ feature." — Zach Pandl