Zcash Fell by 8% After ETF Launch. How the Crypto Fund's Debut Went

cryptonews.ruPublicado a 2026-08-26Actualizado a 2026-08-26

Resumen

The price of the privacy-focused cryptocurrency Zcash (ZEC) fell over 8% in 24 hours, dropping to around $790. This followed the launch of the first US spot ETF for Zcash on August 25th. The Grayscale Zcash Trust was converted into the ZCSH ETF, which debuted on NYSE Arca. Despite a brief rally leading up to the launch—with ZEC surging 60% in a week and hitting an eight-year high of $880—the ETF's shares lost about 1.5% on their first trading day. Grayscale cited growing investor demand as the reason for the ETF's launch, aiming to provide access to ZEC through traditional brokerage accounts. The launch of US crypto ETFs in early 2024 significantly boosted the market, with Bitcoin and Ethereum ETFs now holding nearly $100 billion and $15 billion in assets under management, respectively.

The price of the Zcash cryptocurrency ($ZEC) fell more than 8% in 24 hours. This came after the launch of the first spot exchange-traded fund (ETF) for this coin in the US the day before, in anticipation of which it had grown 60% over the week.

On August 25, trading began on the NYSE Acra for the Zcash ETF under the ticker ZCSH from Grayscale. The fund was converted from the Grayscale Zcash Trust, created back in 2017. On the first day of trading, $ZEC ETF shares lost about 1.5% in price, according to Tradingview.

As of August 26, the fund, which uses Coinbase's custodial services, has assets under management of $304 million. The ETF holds approximately 388 thousand $ZEC.

In the week before the fund's launch, the price of $ZEC fluctuated around $500, but showed a sharp increase over the past weekend. The cryptocurrency, categorized as a privacy coin, reached an eight-year high on August 23, rising to $880 for the first time since 2018.

Following the ETF's debut, the coin's price rolled back. As of 13:00 Moscow time on August 26, Zcash is trading at around $790.

Ahead of the ETF launch, Grayscale stated that the timing for launching this fund was determined by emerging demand. The company expects the instrument to appeal to self-directed investors looking to invest in $ZEC through an existing brokerage account.

The launch of cryptocurrency ETFs in the US in early 2024 and the subsequent inflows of institutional capital into them were partly a catalyst for the market's growth over the following year and a half. Investors bought ETF shares, and their issuers purchased cryptocurrency to back them.

According to SoSoValue, the net asset value of US Bitcoin ETFs currently reaches nearly $100 billion. In Ethereum funds — about $15 billion.

"RBC-Crypto" does not provide investment advice; the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

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Preguntas relacionadas

QWhat is the main reason for the 8% drop in Zcash price mentioned in the article?

AThe 8% drop in Zcash's price occurred after the launch of the first spot exchange-traded fund (ETF) on Zcash in the US, which had been preceded by a significant 60% price surge in anticipation of the launch.

QWhich company launched the Zcash ETF and on which exchange did it begin trading?

AThe Zcash ETF, trading under the ticker ZCSH, was launched by the company Grayscale and began trading on the NYSE Arca exchange.

QWhat was the Assets Under Management (AUM) of the Grayscale Zcash ETF as of August 26th?

AAs of August 26th, the Grayscale Zcash ETF had assets under management worth approximately $304 million, holding around 388,000 ZEC.

QWhat price level did Zcash ($ZEC) reach for the first time since 2018 in the days before the ETF launch?

ABefore the ETF launch, on August 23rd, Zcash reached an eight-year high, climbing to $880 for the first time since 2018.

QAccording to the article, what role did the launch of crypto ETFs in the US in early 2024 play in the market?

AAccording to the article, the launch of cryptocurrency ETFs in the US in early 2024 and the subsequent institutional capital inflows partly acted as a catalyst for market growth over the following year and a half. Investors bought ETF shares, and the issuers purchased the underlying cryptocurrency to back them.

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Cómo comprar ZEC

¡Bienvenido a HTX.com! Hemos hecho que comprar Zcash (ZEC) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Zcash (ZEC) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Zcash (ZEC)Después de comprar tu Zcash (ZEC), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Zcash (ZEC)Tradear fácilmente con Zcash (ZEC) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

579 Vistas totalesPublicado en 2024.12.12Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de ZEC (ZEC).