Zcash surged 66% in one week to reach a peak of $855, a level not seen in eight years, pushing its market cap to nearly $13.8 billion. Grayscale filed a fifth amendment with the SEC to convert its Zcash Trust into a spot ETF on NYSE Arca with the ticker ZCSH. Ethereum is consolidating between $2,420 and $2,450 following a 29% rally in August, while US Ethereum ETFs recorded $221 million in flows on August 20. Bitcoin crossed the $80,000 threshold for the first time since May, driving momentum across the broader cryptocurrency market.
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