Zcash Passed $1,200 and Every Level We Named Since July, With the ETF We Flagged Doing the Work

Quick Take 1. ZEC trades at $1,223.52, up 47.05% on the week, after reaching a record $1,254.01 on September 6 and clearing $1,000 for the first time since 2016. 2.

Grayscale’s spot Zcash ETF, listed on NYSE Arca on August 25 under ZCSH, has reached roughly $463 million in assets, one of the fastest-growing crypto ETFs on record. 3.

Short sellers have been the fuel: about $45.32 million in ZEC short liquidations in a single day, the largest of any asset, on top of $34.5 million when price broke $1,000.

Zcash trades at $1,223.52, down 1.69% on the day but up 47.05% across the week, on a session where 88 of the QC 100 constituents declined. Its market capitalization near $20 billion has pushed it past Dogecoin into the top ten. Live price data via CoinGecko.