Zcash is sitting at 160,320.83 right now, and the pressure is real.
Zcash was trading at $1,344 at 7:21 p.m. ET Wednesday, while the token remained down 1.47% over 24 hours.
TL;DR: Winklevoss Asset Services has filed an S-1 with the SEC for the Winklevoss Zcash ETF, a proposed Nasdaq-listed product designed to hold ZEC directly. The preliminary prospectus sets a 0.25% sponsor fee, while Winklevoss Capital has indicated nonbinding interest in purchasing up to $100 million of shares.
ZEC was down 0.53% over 24 hours as short liquidations reached $260,000 across major exchanges.
THORChain completed its Zcash integration, allowing native ZEC swaps with assets on other supported chains without wrapping, bridges or centralized exchanges. The integration includes Zcash-specific UTXO handling, ZIP-317 fees, oracle support and compatibility with the NU6.3 Ironwood network upgrade.
Zcash's October outlook hinges on holding $1,250 support and reclaiming $1,500 after a 22% retreat from its September peak. TradingView's Binance ZEC/USDT daily chart showed Zcash at $1,320.83, down 3.35% for the session.
The balance stood at about 4.91 million ZEC on Sept. 24. Zcash's Ironwood upgrade added a new shielded pool in July.
AI has made it cheap to link wallet addresses to the people behind them, and the permanence of the blockchain means records don't age out. Michael Zhao of Grayscale Research explains how Zcash's shielded transactions address this problem, and why close to 29% of all ZEC ever mined now sits in the shielded pool.
Winklevoss Asset Services filed Form S-1 with the SEC to issue the Winklevoss Zcash ETF on October 6, 2026. The financial vehicle plans to list on Nasdaq under the ticker WINK with a sponsor fee set at 0.25% annually.
Zcash fell 5.38% over 24 hours. Long liquidations totaled $630,000 during the same hour, compared with $10,000 in short liquidations.
Zcash price risks extending its correction toward $1,136 and potentially $1,000 as bearish Fibonacci, EMA, and bear pennant signals align.
What could the growing Zcash ETF race mean for ZEC's price in the coming months?