Zcash (ZEC) Price: Grayscale Research Sets $8,100 Target as First U.S. Spot ETF Goes Live

TLDR

• Grayscale Research predicts ZEC could reach $8,100 if it captures 10% of Bitcoin’s market cap
• A 2% market share gain alone could push ZEC above $1,622
• Grayscale’s first spot Zcash ETF (ZCSH) launched on NYSE Arca with $14.8M opening day volume
• ZCSH closed its debut session down 1.54% at $63.10 after being up over 3.5% intraday
• ZEC futures open interest dropped 12% post-ETF launch, though buybacks have since picked up

Grayscale Research has put out a bullish case for Zcash (ZEC), arguing the privacy-focused cryptocurrency is undervalued and could challenge Bitcoin’s market dominance over the next five years.

Grayscale Launches First U.S. Zcash ETF ZCSH, Now Listed on NYSE Arca

Grayscale launched the Zcash ETF (ZCSH) on Aug. 25, with the product now trading on NYSE Arca. Converted from the Grayscale Zcash Trust, it is the first U.S. exchange-traded product focused on ZEC. As of Aug.… pic.twitter.com/oGRDyQQuMO

- Wu Blockchain (@WuBlockchain) August 25, 2026

Grayscale’s Head of Research, Zach Pandl, says ZEC has strong odds of competing with Bitcoin due to its privacy features. He pointed to growing demand for financial privacy as AI-powered surveillance becomes more widespread.

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