Zcash Hits Record High Amid Grayscale ETF Filing Zcash hit an… — The Onchain Report

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🔵 Zcash Hits Record High Amid Grayscale ETF Filing

Zcash hit an all-time high of $857 on Saturday, up 62% for the week to $793. The rally followed a Grayscale Zcash Trust filing with the SEC to convert into an ETF, targeting an August 25 listing on NYSE Arca, with Coinbase named as custodian.

ZEC open interest jumped from $770 million to $1.5 billion, CoinGlass data showed, alongside the year's largest spike in positive funding rates, signaling heavy long positioning.

Watch the August 25 ETF listing date and CoinGlass open-interest data for signs of liquidation risk.

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