Grayscale’s Zcash ETF began trading on NYSE Arca on August 25, 2026, under ticker ZCSH, becoming the world’s first exchange-traded product to offer spot exposure to ZEC through traditional brokerage accounts without direct purchase or custody of the token. Converted from the Grayscale Zcash Trust, which held more than $313 million in assets before the changeover, the fund charges a 2.5% annual sponsor fee, with Grayscale voluntarily directing first-year fee revenue to ecosystem development, education and product awareness. ZEC tagged a fresh multi-year high of $867.69 on Tuesday before pulling back about 2.5%, with RSI near 78.5 in overbought territory; key levels watched include resistance at $867, psychological support near $700 and a deeper test around $627. Analysts highlighted Zcash’s Bitcoin-like 21 million supply cap and optional privacy, with Multicoin Capital co-founder Tushar Jain calling it “what Bitcoin was meant to be” and others branding ZEC “perfect Bitcoin,” as AI-driven surveillance strengthens the case for financial privacy. The launch follows the July 2026 Ironwood upgrade, which made shielded transactions more practical and added resilience against certain quantum computing risks, and extends Grayscale’s trust-to-ETF path used for bitcoin, ether, XRP, Solana and Litecoin products.