Grayscale has filed amendments with the SEC to convert its Zcash Trust into a spot ETF, aiming for a listing on NYSE Arca under the ticker ZCSH around August 25, pending regulatory approval. This ETF would be notable as the first spot ETF for a privacy-focused cryptocurrency, Zcash, which uses zero-knowledge proofs to shield transaction details and has faced regulatory scrutiny. The trust currently holds a significant portion of Zcash's circulating supply, and the ETF could reduce the large price premiums and discounts seen in the OTC trust. While the August 25 date is tentative, Grayscale's filings indicate confidence in progressing regulatory discussions.
Bitcoin surged to $79,500, driven by a record $1.44 billion in short liquidations and strong inflows into U.S. spot bitcoin ETFs totaling about $1.92 billion over five days. Standard Chartered's analyst Geoffrey Kendrick now sees a potential year-end...
Ethereum surged 29.8% over the past week, reaching a high of $2,546 fueled by strong inflows into Ethereum ETFs, short covering, and reduced exchange supply. Spot ETFs attracted nearly $700 million in net inflows, with major players like Blackrock le...
Institutional investors have significantly increased their holdings in Hyperliquid Strategies, a U.S.-listed digital asset treasury company, with ownership reaching 9.45%. This rise in institutional interest coincides with market predictions that Hyp...
XRP experienced its strongest ETF inflow week since May, with nearly $40 million in fresh capital following a price rally of almost 60%. The surge in demand was highlighted on August 21, when XRP's price rose over 20% in 24 hours, attracting $18.38 m...
Bitcoin surged 26% to nearly $79,500 in just five days due to a massive $3.1 billion short squeeze, triggering strong retail investor FOMO. Experts note that retail traders now have more market influence, especially through zero DTE options, with som...
