Zcash hits eight-year high near $850 with futures volume near $10 billion amid Grayscale ETF push

NEW: $ZEC hits an eight-year high near $850 as futures volume nears $10 billion, with a Grayscale spot ETF push fuelling the rally.

Zcash just touched eight hundred and fifty dollars. That's an eight-year high for a coin most people wrote off years ago.

ZEC was the privacy coin everyone loved in 2016 and forgot by 2020. Now futures volume is closing in on ten billion dollars, which tells you this isn't three guys in a Discord getting excited. That's real leverage, real money, real conviction, on a coin that spent most of the decade in the discount bin.

What lit the fuse? Grayscale is pushing for a spot ETF. Same playbook that took Bitcoin mainstream, now pointed at a privacy coin. Which is a strange marriage when you think about it, an asset built to hide transactions, wrapped in the most regulated product on Wall Street.

Regulators have spent years treating privacy coins like contraband. If this ETF actually lands, that whole stance quietly dies. Watch this one.

This is Dave King, reporting for HIT.