Privacy Coins
Grayscale has filed with the SEC to convert its Zcash Trust into a spot ZEC ETF that could list on NYSE Arca, potentially becoming the first exchange-traded product tied to a privacy coin. The proposal follows a wave of spot crypto ETF listings from Grayscale and other asset managers and will test regulatory tolerance for privacy-focused products.
Grayscale has submitted an S-3 registration statement to the SEC seeking approval to list the first U.S. exchange-traded fund for Zcash (ZEC). The filing marks a notable step toward regulated, brokerage‑accessible exposure to a major privacy-focused cryptocurrency.
Zcash jumped about 21% on Nov. 13 to trade back above $500 after falling more than 40% from a seven‑year high of $735 over the weekend. Market data points to a fresh catalyst behind the rebound, though details remain mixed.
Leap Therapeutics (LPTX) jumped about 300% after disclosing a $50 million purchase of Zcash (ZEC) at roughly $454.92 per coin, following a $58.9 million raise led by Winklevoss Capital. The former biotech has completed a rapid pivot to a digital treasury strategy.
Zcash fell sharply on Nov. 12 before recovering as Bitcoin billionaire Arthur Hayes warned holders to withdraw ZEC from exchanges, citing custody and regulatory concerns.
Former BitMEX CEO Arthur Hayes has urged Zcash holders to move funds off centralized exchanges and use shielded transactions to protect privacy. His call renews attention on privacy coins amid volatile price action for ZEC.
Monero (XMR) pulled back after testing the yearly high near $460, as selling pressure grew around resistance. The move suggests a potential range-bound phase unless bulls reclaim momentum above key levels.
ZEC has rallied as renewed privacy demand lifts sentiment and technicals show a rising channel. With a market cap near $10B and bullish momentum, targets at 750 and 1,000 are in play — but risks remain.
Zcash rallied dramatically after a viral video renewed speculation that developer Daira-Emma Hopwood could be linked to Bitcoin's creator, Satoshi Nakamoto. ZEC spiked to $750 (a 17x move) before settling near $610, as traders flocked to privacy coins amid regulatory shifts and stablecoin concerns.
ZEC climbed past $500 amid a surge in derivatives open interest, sparking talks of a short squeeze even as some traders maintain bearish bets. We break down the drivers, risks, and what to watch next.