Zcash (ZEC) surged over 42% in 24 hours, hitting a peak of $805.52 and crossing the $800 mark for the first time since November 2025. Grayscale filed an 8-K with the SEC around August 21, 2026, signaling its intent to convert its Grayscale Zcash Trust into an ETF listed on NYSE Arca. Multicoin Capital had already disclosed a significant ZEC position in May 2026, arguing that privacy is an underpriced feature in digital assets. The November 2025 peak was approximately $750, meaning the break above $805 sets a fresh multi-year price record for this cycle. If the SEC approves, this could set a precedent for similar products around other privacy-focused protocols.
Source: Read the original article
