Grayscale Files for Zcash ETF, Paving the Way for Privacy Coins
- Regulatory Improvement: On May 12, 2026, Grayscale filed Form S-3 with the SEC to convert its existing Zcash Trust into a spot ETF listed on NYSE Arca, which, if approved, would become the first U.S. ETF for a privacy coin, marking a significant entry of privacy assets into regulated investment vehicles.
- Asset Scale and Market Impact: The Zcash Trust currently holds 391,103.89 ZEC valued at approximately $99.4 million, with projected inflows of $500 million to $2 billion upon ETF approval, representing 8% to 33% of ZEC's market cap of around $6 billion, significantly enhancing market interest in privacy coins.
- Accelerated Approval Process: The SEC's new standards have compressed the approval timeline for spot crypto ETFs from 240 days to about 75 days, making a Q3 2026 approval for ZCSH realistic, establishing a foundational regulatory pathway for the future of privacy coins.
- Investment Opportunities in Privacy Coins: The approval of ZCSH would provide institutional investors access to the privacy coin market, and while the ETF itself lacks privacy features, its success could pave the way for other privacy asset ETF applications, potentially triggering structural changes in privacy coin investments.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC). As of , Zcash (ZEC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 317.467 | 406.968 | 510.997 | 600.498 | 704.527 | 794.028 | 898.057 |
| Fibonacci | 406.968 | 480.897 | 526.57 | 600.498 | 674.427 | 720.1 | 794.028 |
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