Zcash rose above $1,000 during a powerful rally, with reports placing its peak between $1,021 and $1,029 before ZEC traded near $1,018 in a Sept. 5 CoinGecko snapshot. The privacy-focused token was up about 28% over seven days, 94% over a month and more than 2,000% over a year, giving it a market capitalization of roughly $17.14 billion and ranking it near the eleventh-largest cryptocurrency. Grayscale's ZCSH spot Zcash ETF, which began trading on NYSE Arca on Aug. 25 after the conversion of Grayscale's Zcash Trust, held about $414 million in net assets, up from earlier reports of more than $362 million. Record open interest near $2.15 billion and at least $34.5 million in short liquidations helped amplify the advance, while overbought conditions and privacy-coin regulatory risks remained key concerns. The rally followed Zcash's June emergency network fork after developers disclosed a critical counterfeiting vulnerability in the Orchard shielded pool.