ZEC surges 2,076% after Grayscale ETF launch, whales open $37.57 million long positions

Zcash (ZEC) has experienced a substantial rally, gaining 2,076% since January 1, 2025, according to data from CoinGecko. Over the past three months, ZEC’s price climbed from roughly $400 to more than $1,680. Market demand for ZEC accelerated on August 25 following the launch of Grayscale’s spot ZEC exchange-traded fund. Grayscale, a digital asset management company, introduced the ETF in response to growing institutional interest in privacy-focused cryptocurrencies. The debut of this financial product triggered a sharp increase in trading activity, with daily spot volume nearly tripling in the days after the launch.