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Zcash hits 8-year high as NYSE ETF launch sparks debate on overtaking XRP in market cap

Market News
23 Aug 2026
UToday
View Source
Bullish
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Zcash (ZEC) surged to $814, its highest price in eight years, ahead of the Grayscale Zcash ETF debut on NYSE Arca scheduled for August 25, 2026. This price jump followed recovery from a prior dip caused by a security issue and pushed Zcash's market cap to $13.74 billion. The ETF listing has reignited discussions about whether Zcash could surpass XRP, which currently has a market cap of $93.45 billion, as both coins now compete in traditional finance with ETF structures. While analysts see a Zcash flip of XRP as a long-term possibility, the initial trading volumes of the ZCSH ETF will be key to gauging institutional demand and future price momentum.

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