Zcash Surges Past $800 on Grayscale Spot ETF Progress
Zcash (ZEC) has rallied 48% to trade above $800, fueled by billions in futures volume and Grayscale's push to convert its trust into a spot ETF.
Zcash (ZEC) has experienced a sharp price increase of 48%, pushing the cryptocurrency past $800 and eclipsing its previous peak from January 2018.
The strong upward momentum coincided with a massive rise in market activity, with futures trading volumes reaching billions of dollars. Market sentiment was further boosted by fresh progress in Grayscale's filing to convert its existing Zcash Trust into a spot exchange-traded fund.
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Source: CoinDesk
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