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

Market News
21 Sep 2026
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.

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