Zcash reaches highest price since 2016 as market cap exceeds $20 billion
Source Summary
Zcash (ZEC) gained 45% over the past week, reaching its highest price since 2016 and pushing its market cap above $20 billion. The rally follows Grayscale's conversion of its Zcash Trust into an ETF that began trading on August 25.
Why it matters
The Grayscale ETF launch provides institutional access to Zcash, which directly correlates with the asset's recent price surge and expanded market capitalization.
