ZEC drops as liquidations surge and open interest falls, with price approaching a key support zone for potential reversal.
Cryptocurrency investors disillusioned by bitcoin are reportedly flocking to a new token: Zcash. That's according to a report Thursday (May 14) from the Wall Street Journal (WSJ), which said this shift to the privacy-focused Zcash comes as bitcoin enthusiasts worry that the coin no longer offers them the privacy they seek.
Arthur Hayes has put Zcash at the center of his crypto thesis, saying in an interview with Unchained founder Laura Shin that ZEC is now “probably my largest position outside of Bitcoin.” The BitMEX co-founder framed the trade as a bet on rising demand for financial privacy as AI, Big Tech and governments make public-chain activity easier to analyze.
Grayscale files with the SEC to convert its Zcash Trust into a spot ETF that would list on NYSE Arca under ticker ZCSH.
Zcash (ZEC) has emerged as one of the cryptocurrency markets strongest performers, but its recent price action suggests growing volatility risks for traders. After successfully breaking above the crucial $350 resistance level, ZEC experienced a near-vertical rally that pushed the privacy coin toward the $650 mark before a sharp correction followed.
Grayscale has submitted an SEC filing to transform its Zcash Trust into a spot ETF.
Grayscale filed to convert its Zcash Trust into a spot ETF that would list on NYSE Arca under ticker ZCSH. If approved, it would be the first spot ETF tied to a privacy coin, pushing ZEC into regulated brokerage access.
Zcash price lost momentum on Monday after failing to sustain its explosive rally above the $600 mark, raising concerns that the token could face a deeper pullback toward the $400 support region amid growing profit-taking pressure.
Grayscale is seeking to convert its Zcash Trust into a spot ETF as ZEC gains from privacy demand, SEC clarity, and Multicoin interest.
Zcash's sharp revival did not happen by accident, according to Josh Swihart, who argues that ZEC's roughly 1,500% rally reflects a multi-year reset across governance, product strategy, narrative positioning and organizational structure.
On May 11, zcash (ZEC) fell to $550 after a sharp rally, but the privacy coin remains up 33% in seven days as renewed interest and controversy fuel debate over its future.
The recent Zcash (ZEC) price rally to its 2026 peak has raised concerns about a potential exhaustion in Bitcoin (BTC) recovery.