Zcash Rallies Nearly 40% As Grayscale Files 4th Zcash ETF Amendment

Zcash has rallied nearly 40% over the past week to around $675, with 24-hour gains of about 19% and trading volume above $1 billion. The move pushed ZEC close to the $680-$700 resistance zone after it cleared $520 and $590, according to BeInCrypto, while futures volume reached roughly $4.55 billion versus about $553 million in spot volume. Grayscale also filed a fourth amendment to convert its Zcash Trust into a NYSE Arca ETF under the ticker $ZCSH, and a DCG subsidiary is in nonbinding talks to acquire about 200,000 ZEC through the fund.