Published Aug 22, 2026, 1:35 PM ET · Updated 3 months ago · 2 sources

THE BLOCK: Zcash (ZEC) has risen nearly 25% in the past 24 hours, with nearly $10 billion in futures volume, amid Grayscale's push to convert its Zcash Trust into an ETF. ZEC also briefly traded above $850, its highest level in 8 years and a notable recovery since its sharp selloff in June.

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Original Report

THE BLOCK: Zcash (ZEC) has risen nearly 25% in the past 24 hours, with nearly $10 billion in futures volume, amid Grayscale's push to convert its Zcash Trust into an ETF. ZEC also briefly traded above $850, its highest level in 8 years and a notable recovery since its sharp selloff in June.