Zcash hits highest price since 2016 as market cap tops $20B — SkimNews
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- Zcash (ZEC) reached $1,249.28 before retreating to about $1,195 on Monday, its highest price since 2016, pushing the token's market cap above $20 billion
- ZEC gained 45% over the past week and 138% over 30 days, per CoinGecko data
- Grayscale converted its Zcash Trust into an ETF (ticker ZCSH) that began trading on NYSE ARCA on Aug. 25; the fund closed Friday at $83.77 a share with $463.2 million in assets under management
- Despite the rally, ZEC still trades well below its launch-era all-time high of $3,191.93 set on Oct. 28, 2016, when only a small supply of tokens was circulating
- Grayscale head of research Zach Pandl argued privacy could become a "must have" feature, noting AI could increase demand by making it easier to link public blockchain transactions to user identities
Why it matters: Grayscale's ETF now gives retail investors a brokerage-accessible path to privacy-focused crypto exposure — previously a self-custody niche — and the $463 million AUM signals real, not just speculative, inflows behind the 138% month-long rally.
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