Zcash surged 66% over the past week, hitting an eight-year high of $841 on Monday. Investment manager Grayscale filed an amendment with the SEC to convert its existing Zcash Trust into an exchange-traded fund. If approved, the ETF would trade on the NYSE under the ticker ZCSH, providing investors with a regulated way to gain exposure to ZEC. The rally comes as Bitcoin approached $80,000, fueled by the Treasury Department’s bond-buyback announcement, renewed political support for the industry, and a wave of short-position liquidations.
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