Hope for Zcash ETF rises: Is the $1,000 mark feasible?

Zcash has stirred the crypto market in the past three months, creating one of the most impressive growth spurts of the year, despite being previously deemed a “dead” project by a large part of the community.

Notably, Zcash's breakthrough has brought security technology to the forefront of discussions in the crypto market community, leading to a strong wave of interest in other privacy coins like Monero, Dash, and advanced protocols like Railgun.

ZEC growth surged 10 times

Starting October at a price of around 73 USD, ZEC has continuously surged and reached a peak of 736 USD on November 7, yielding a return of more than 10 times in just over two months. This rally has helped ZEC climb to the 15th position in the crypto market capitalization rankings.

After reaching a peak of 736 USD, Zcash made two attempts to establish a new high but failed both times. The first time the price nearly reached the old peak again, and the second time it stopped around 712 USD, leading to a deep correction to the level of 500 USD—currently the focus of the ZEC market.

ZCash Price Performance | Source: CoinCodexThe strong price growth has also led to vibrant on-chain activity. According to analysis by OurNetwork, Zcash just recorded its most active week of 2025 with the number of transactions increasing by 197% compared to the previous week.

Weekly ZCash trading | Source: OurNetwork## The potential for Zcash to reach the $1,000 mark and beyond.

Recent developments indicate that the upward momentum of ZEC could continue, surpassing the resistance level around 700 USD.

The price forecast using algorithms on CoinCodex also supports this assertion, Zcash will reach the milestone of 1,000 USD in the second quarter of 2026.

Below are the key factors that could help ZEC achieve this milestone:

Grayscale proposes to convert the ZCSH fund into an ETF

Grayscale—one of the leading cryptocurrency asset managers—has filed an S-3 registration with the SEC to convert the Grayscale Zcash Trust product into a direct exchange-traded fund (ETF). The Zcash Trust fund has been operating in the OTC market since 2017.

In the file, Grayscale emphasizes the differences between Zcash and Bitcoin:

“The core difference between Bitcoin and Zcash is that Zcash offers selective privacy features. Zcash achieves this through the advanced cryptographic protocol zk-SNARKs, which protects the amounts, senders, and recipients in transactions.”

With the wave of ETF approvals for altcoins like XRP, SOL, HBAR, and DOGE, the approval of a Zcash ETF in the US market is entirely plausible. However, the privacy focus of Zcash may pose a significant challenge when convincing regulators to approve related investment products. Currently, there are no ETFs in the US that focus on privacy coins.

Cypherpunk Technologies (CYPH) plans to purchase 5% of the total ZEC supply.

Another potential price-driving force comes from Cypherpunk Technologies—the DAT company specializing in Zcash, backed by the Winklevoss brothers.

Cypherpunk ( holds 233.644 ZEC and aims to own 5% of the total supply. With the current rate at 1.4%, Cypherpunk will continue to create sustainable buying pressure as it expands its treasury to the target level.

As of now, the company has spent approximately 68 million USD to accumulate Zcash, with an average purchase price of about 291 USD per ZEC.

Trading and investing in Zcash is becoming increasingly convenient

Zashi wallet integrates NEAR Intents, allowing users to easily swap assets from various blockchains to ZEC, while simplifying the experience of using security features of Zcash.

The supply of ZEC is secured and has reached nearly 5 million coins ) compared to under 2 million at the beginning of 2025(. As the secured amount of ZEC increases, the anonymous pool expands, strengthening the security of Zcash.

![Hope for Zcash ETF Rises: Is the $1,000 Level Feasible? ])https://img-cdn.gateio.im/webp-social/moments-b5706f5743a9fdba9a8c821a51d6a7ec.webp(

The decentralized exchange Hyperliquid has listed the perpetual futures contract for ZEC, enabling users to trade with leverage on this secure asset—a sign that the community is showing strong interest in Zcash after many years of being overlooked.

Zcash can also be easily traded on the Solana blockchain through solutions like the wrapped Zcash token )zenZEC( from Zenrock.

Conclusion

The tenfold price increase of Zcash has brought security technology back into focus, driving strong on-chain activity. Many factors indicate that there is still significant growth potential: Grayscale is aiming for a ZEC ETF, Cypherpunk Technologies has increased its ownership stake to 5%, the convenience of trading through the Zashi wallet is increasing, the Hyperliquid futures product, and new integrations are continuously emerging. If market momentum is maintained and regulatory barriers do not hinder progress, the $1,000 mark for ZEC could be achieved—this is even a modest target compared to the true potential of this coin.

Mr. Giáo