ZEC tops $1,000 for the first time as Grayscale’s ZCSH ETF draws inflows
- Zcash’s ZEC token traded above $1,000 for the first time on September 4.
- The rally lifted price more than 20% on the day and roughly 31% since Grayscale’s ZCSH ETF listed on August 25.
- The ZCSH ETF has drawn significant inflows as the broader crypto market pushed to a seven-month high.
Zcash (ZEC) reached new four-figure levels on Friday as the token crossed $1,000 on its way to a new price record around $1,021.
The rally to a fresh all-time high extends a rally that has snowballed since Grayscale launched its first-of-its-kind ZCSH ETF, which continues to see steady cash inflow as investors jump on board the first regulated route to gain exposure to a privacy coin in the United States.
ZEC was trading around $1,008 as of this Cryptopolitan report, up nearly 20% on the day, according to CoinMarketCap, with market capitalization up around the same percentage to around $17 billion.
Just one day earlier, on September 3, Grayscale called ZEC’s surge past $900, crediting “the hard money thesis and growing awareness around digital privacy” for driving “new price discovery.”
Zcash has been riding high since the Grayscale ETF
As Cryptopolitan reported on August 25, Grayscale converted its Zcash Trust into an ETF and listed ZCSH on NYSE Arca after regulators gave the all-clear signal. Grayscale touted the launch as the first and only exchange-traded fund anywhere to offer direct spot exposure to ZEC
Money has followed the launch. The Zcash Trust had over $313.5 million in assets under management as of August 25. As of its latest disclosure, Grayscale reports holding $414,705,020 in assets under management held at Coinbase Custody and BNY as fund administrator, with a 2.5% annual fee.
ZEC gained around 82% through August, with analysts crediting the ETF launch for a run that saw the network’s market cap grow from about $8 billion to more than $14 billion.
Corporate demand has also helped. Cryptopolitan reported that Cypherpunk Technologies disclosed a holding of 323,394.38 ZEC, roughly 1.92% of the circulating supply.
ZEC rally has followed broader crypto market run
Notably, ZEC’s rise has been buoyed by a crypto-wide rally that pushed the global market cap to its highest in more than seven months.
The tailwind has reversed a tough stretch for Zcash, which saw the bottom almost fall out after an Orchard pool vulnerability that could have allowed anyone to mint an unlimited amount of tokens was exposed.
Monero, another token to have ridden the privacy train, has been delisted from several centralized exchanges over compliance concerns.
However, the trend appears to be reversing as actual flows into ZCSH, deeper liquidity, and aligning privacy with compliance are lining up the next leg of the Zcash run.
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FAQs
What is ZCSH and when did it start trading?
ZCSH is Grayscale's Zcash ETF, converted from the firm's Zcash Trust and listed on NYSE Arca on August 25, 2026, as the first exchange-traded product to offer spot exposure to ZEC.
How high did Zcash's price go?
ZEC crossed $1,000 on September 4 and reached an intraday high of $1,021.58, according to CoinMarketCap.
How much money has flowed into the Grayscale ZEC ETF?
BlockBeats reported net inflows of about $34.4 million since ZCSH began trading on August 25, with ZEC up roughly 31% over that period.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
