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Zcash price hits 8-year high near $885 on Grayscale ETF plans and NU7 vote.

Market News
24 Aug 2026
Crypto news
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Bullish
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Zcash (ZEC) surged over 70% in a week, reaching around $885, its highest since 2018, driven by Grayscale's plan to convert its Zcash Trust into a spot ETF and an NU7 governance vote requiring shielded ZEC holdings. Despite a slight pullback below $820, ZEC remains above key support levels, with potential resistance near $875. The ETF conversion would allow US investors regulated exposure to ZEC, though regulatory risks remain due to its privacy features. The NU7 vote, starting August 25, may have boosted demand for shielded ZEC. Traders watch critical price levels for the next move amid concentrated leveraged positions that could trigger volatility.

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