
Zcash tops $1,600 as Grayscale ETF sees $32.8M inflow and shielded activity hits 4-year high
- —ZEC trades near $1,606, above the 50-, 100- and 200-period EMAs on the 4-hour chart
- —Weekly shielded transactions reached 62,379, the highest in four years
- —Grayscale's ZEC ETF drew $32.81 million, with net assets at $979.48 million
- —RSI at 63 and MACD above its signal line point to sustained bullish momentum
Why it matters: Rising network adoption and institutional demand via ETF and ETP flows underpin the ZEC rally; a break above $1,700 opens the path to $2,000.
Source: FXStreet Crypto