Zcash ETF Assets Hit $463M as ZEC Approaches $1,200
Zcash (ZEC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Zcash (ZEC) is trading near $1,185, marking an 11% gain over the past 24 hours. Grayscale’s Zcash ETF (ZCSH) held $463.2 million in assets as of Sept. 4, following its conversion from the Grayscale Zcash Trust on Aug. 25. The fund, now listed on NYSE Arca, closed at $83.77 per share, up 7.62% for the day, before slipping to $82.20 in after-hours trading.
ZCSH became the first US-listed spot ETF for a privacy-focused token, holding 444,608 ZEC tokens with 5.55 million shares outstanding. Daily volume reached 804,728 shares, and the fund’s year-to-date return stands at 166.44%. ZEC has risen among the ten largest cryptocurrencies by market capitalization, with a market cap exceeding $20 billion.
Despite the rally, the token remains far below its 2016 all-time high of $3,191.93. Steve Vanourny, Grayscale’s head of index, linked the launch to rising demand for financial privacy. He stated, “As AI reshapes how financial activity can be monitored, we believe demand for genuine financial privacy will only grow.” The fund’s net asset value per share was $83.48, within a 52-week range of $3.54 to $84.23.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 7 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,227.60, showing a shift in short-term momentum compared to the broader daily trend. The 1-hour buy ratio sits at 42.8%, indicating weaker immediate buying pressure, while the 4-hour ratio is higher at 52.1%. Over the last 24 hours, the buy ratio is 52.9%, suggesting that buying pressure has been consistent over the longer timeframe despite the recent dip. The 1-hour volume delta is negative at -$1,074,730, showing recent selling, but the 4-hour delta is positive at +$1,221,843. The 24-hour volume delta is strongly positive at +$24,631,548, with a cumulative volume delta (CVD) of +$12,287,963 at close. This indicates that net buying has dominated the day, with 14 of the 24 hours showing net buying activity.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
The current 24-hour buy ratio of 52.9% is 3.0 percentage points higher than the 7-day average of 49.9%. This day sees volume at 2.36 times the weekly average, making it an unusually active trading day for ZEC. Over the preceding 8 days, the price has increased by 47.0%, with a total volume delta of +$20,352,448. While the 1-hour buy ratio of 42.8% is below the weekly average, the 24-hour metrics remain significantly above the 7-day norms. This suggests that while short-term selling has emerged, the broader weekly trend remains strongly bullish.