Zcash ETF volume doubles as ZEC’s shielded supply hits record highs
The Block
The Grayscale Zcash Trust saw trading volume double in April while ZEC shielded supply reached record levels, reflecting growing interest in privacy assets.Summary
The Grayscale Zcash Trust (ZCSH) experienced a significant surge in trading activity, with daily volume doubling to approximately $1.7 million in April. This uptick coincides with record growth in ZEC’s shielded supply, which now accounts for nearly 30% of all circulating tokens, largely driven by the migration of holders into the Orchard pool using Halo 2 zero-knowledge proofs. While ZEC prices have risen 50% over the last 30 days, market analysts are monitoring whether the ETF can maintain this volume as a key indicator of institutional appetite for privacy-focused digital assets.
(Source：The Block)