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Zcash jumps 42% past $800 as Grayscale files for ZEC ETF approval

Market News
21 Aug 2026
Crypto Briefing
View Source
Bullish
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Zcash (ZEC) surged over 42% in a single day, reaching above $800 for the first time since late 2025. This sharp rise was driven by Grayscale's regulatory filing with the SEC to convert its Zcash Trust into an exchange-traded fund (ETF), signaling growing institutional interest in privacy-focused cryptocurrencies. The move highlights ZEC's maturity as a privacy asset and could pave the way for more privacy crypto ETFs if approved by the SEC. However, the filing is just a proposal, and the approval timeline remains uncertain, with past price volatility suggesting caution for investors.

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