Zcash jumped over 68.51% over the past week, peaking at around $843.49 at the time of publishing this article, extending a powerful weeklong rally for the privacy-focused cryptocurrency. The token briefly climbed as high as $855 on the cryptocurrency exchange during the day, according to The Block’s Zcash Price page, reaching its highest level since 2018.
As a result of the increase, Zcash’s market value reached $14.19 billion, making it one of the biggest cryptocurrencies by market value. More importantly, ZEC has drawn considerable attention from traders as it outperformed the market.
One reason for Zcash’s recent prominence is Grayscale’s latest initiative to change its Zcash Trust into a spot exchange-traded fund. Grayscale submitted its fifth amended registration statement on Friday, strengthening expectations that the asset manager is continuing to pursue an ETF structure for Zcash.
The rally, however, had already begun before the latest filing. ZEC had gained more than 30% over the week as Bitcoin and other major cryptocurrencies also moved higher. The additional momentum following Grayscale’s filing has further strengthened buying activity.
The potential ETF could offer investors exposure to Zcash without having to directly purchase the cryptocurrency, making it an accessible entry point to the asset. The cases of Bitcoin and Ether ETF have demonstrated the demand for appropriate regulation for institutional and traditional investment in crypto assets.
With its privacy-centered, shielded transactions, Zcash has distinguished itself from other cryptocurrencies and, therefore, its price increase is explained by growing institutional interest in privacy coins.
With ZEC approaching levels not seen in nearly eight years, traders are now closely watching whether the cryptocurrency can sustain its momentum and whether progress around Grayscale’s ETF plans can provide another catalyst for the token.
THE BLOCK: Zcash (ZEC) has risen nearly 25% in the past 24 hours, with nearly $10 billion in futures volume, amid Grayscale’s push to convert its Zcash Trust into an ETF.
ZEC also briefly traded above $850, its highest level in 8 years and a notable recovery since its sharp… pic.twitter.com/YVU41hZZXQ
— The Block (@TheBlockCo) August 22, 2026
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