First US privacy-coin ETF lists as Grayscale’s ZCSH opens ZEC to Wall Street

Grayscale’s Zcash ETF (Ticker: ZCSH) listing began on NYSE Arca on Tuesday (August 25). According to Grayscale, ZCSH is the first ETF to provide spot access to Zcash (ZEC), thus allowing the privacy-oriented cryptocurrency to be traded through a regular brokerage account, as no regulated products have made use of it until now.

Having seen the usage of spot ETFs by institutions to accumulate Bitcoin and Ether holdings in 2026, the crypto market understands the possible direction where this trend is headed now. Privacy currencies have to face a different regulatory system than those which are used for major currencies; therefore, the introduction of Zcash-based fund opens new market possibilities.

Prior to the launch of this fund, the price of ZEC reached $880, which was the highest point for the last eight years. By Wednesday morning, the cryptocurrency was trading for $784, according to CoinMarketCap.

Leverage piled in as the token ran to an eight-year high

There was significant leverage during the rally. According to statistics from Loris Tools, ZEC’s perpetual-futures open interest soared from $962.5 million on August 19 to nearly $1.8 billion as of Monday, and the overall daily futures volume was $5.3 billion.

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