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Zcash breaks $1,000 for the first time, surging 88% in a month after Grayscale's spot ETF launch

Market News
04 Sep 2026
Blockonomi
View Source
Bullish
Zcash breaks $1,000 for the first time, surging 88% in a month after Grayscale's spot ETF launch

Zcash (ZEC) surpassed the $1,000 mark for the first time on September 4, reaching a peak of $1,021 after an 88% gain in the past month. This milestone followed the launch of the first U.S.-based spot Zcash ETF by Grayscale on August 25, which helped boost investor interest. The network's hashrate is near its record high, reflecting increased mining activity, while derivatives trading volume has more than doubled. Analysts see potential for further gains, with technical targets set between $1,200 and $1,300, supported by strong fundamentals in privacy-focused technology.

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