Zcash hits $800 as Grayscale ETF conversion picks up speed

Zcash is suddenly the talk of the town again. The privacy coin surged 48% to clear the $800 mark, finally shattering a price ceiling that's held firm since the peak of the 2018 bull run. Billions are pouring into ZEC futures as traders bet on a massive liquidity injection. The catalyst isn't just retail hype; it's a new filing from Grayscale. The asset manager is actively pushing to convert its existing Zcash Trust into a spot ETF, a move that would put the privacy-focused token directly into institutional brokerage accounts. If regulators greenlight the shift, it transforms ZEC from a niche privacy tool into a regulated financial product. Critics still worry about the regulatory crosshairs on shielded transactions, but the market doesn't seem to care about the risk right now. The big question is whether Zcash can actually maintain this momentum once the initial ETF excitement cools off.