FeesSafety
Pluang+

Zcash (ZEC) drops 5% after hitting yearly high amid Grayscale ETF split and governance debate.

Market News
21 Sep 2026, 12:47 WIB
Blockonomi
View Source
Neutral
Zcash (ZEC) drops 5% after hitting yearly high amid Grayscale ETF split and governance debate.

Zcash (ZEC) fell about 5% to $1,429 after reaching a year-to-date high of $1,590, coinciding with Grayscale's announcement of a 3-for-1 share split for its ZEC ETF. Despite the drop, ZEC remains up 31% over the past week and over 200% since June 22. The Grayscale ZEC ETF, launched in late August, holds $914 million in assets. Meanwhile, a governance debate has emerged over Zcash's Development Fund, which expires in 2028, with differing views on whether to continue funding development or wind down the fund. This debate highlights ongoing challenges in blockchain project funding and governance.

Following the recent news on Zcash and Grayscale's ETF share split, ZEC is trading higher on Pluang, up 5.63% at Rp26,934,603 as of Sep 21, 2026 17:04 WIB. The market cap stands at Rp7.04 trillion with a 24-hour trading volume of Rp787.62 million. Investors on Pluang typically hold ZEC for about 106 days, indicating a moderate-term interest in the asset.

More News (ZEC)

Zcash hits $1,280 but whale investors revolt over million-dollar grant spending.

Zcash hits $1,280 but whale investors revolt over million-dollar grant spending.

Zcash (ZEC) reached a price milestone of $1,280 with a market cap of $21.8 billion in late October 2026. However, a dispute erupted within the community over the Zcash Community Grants (ZCG) program, which allocates part of miners' rewards to fund so...

Market News
Bearish
5 hours ago
Zcash price drops 2.63% in one hour but stays slightly up over 24 hours

Zcash price drops 2.63% in one hour but stays slightly up over 24 hours

Zcash (ZEC) experienced a 2.63% price drop within one hour on Binance, falling from $1,283 to $1,249 as of 7:03 p.m. ET on October 31. Despite this short-term decline, ZEC's price remained 0.29% higher compared to the previous 24-hour period. The mar...

Market News
Bearish
17 hours ago
U.S. altcoin spot ETFs see net outflows, led by Solana and XRP on Oct 30, 2026.

U.S. altcoin spot ETFs see net outflows, led by Solana and XRP on Oct 30, 2026.

On October 30, 2026, U.S. altcoin spot ETFs tracking XRP, Solana (SOL), Chainlink (LINK), and Zcash (ZEC) experienced net outflows, with Solana ETFs seeing the largest withdrawals totaling $10.74 million. XRP ETFs reversed a brief inflow trend, losin...

Market News
Bearish
1 day ago
XRP and Zcash ETFs see $5.07M net outflows, mostly from Zcash products on Oct. 30

XRP and Zcash ETFs see $5.07M net outflows, mostly from Zcash products on Oct. 30

On October 30, U.S. spot ETFs linked to XRP and Zcash experienced combined net outflows totaling $5.0679 million, with the majority coming from Zcash ETFs. XRP ETFs had net outflows of $496,500, with Canary XRP ETF gaining $922,000 but Grayscale XRP ...

Market News
Bearish
1 day ago
Zcash (ZEC) price rises 4.22% in 4 hours, hitting $1,277 on Binance with notable short liquidations.

Zcash (ZEC) price rises 4.22% in 4 hours, hitting $1,277 on Binance with notable short liquidations.

Zcash (ZEC) saw a 4.22% price increase over four hours, reaching $1,277 on Binance's spot market as of Oct. 30. Over 24 hours, the price rose 6.78%, reflecting growing investor interest. During the same period, $170,000 worth of ZEC short positions w...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App