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August 22, 2026 at 06:00 AM
Zcash Jumps Over 40% to Top $800 as Grayscale Pushes ETF Filing and DCG Weighs $162 Million Contribution
Zcash did something most altcoins never do. ZEC gained more than 40% in 24 hours, hitting an intraday peak of $805.52, according to Crypto Briefing and KuCoin. That's a price the coin hasn't touched since November 2025.
The trigger: Grayscale has been racing through SEC paperwork to convert its Zcash Trust into a spot ETF. According to Airdrop Alert, Grayscale filed a fifth amendment on August 22, 2026, just three days after a fourth amendment on August 19. That's two amendments in one week.
The filings aren't cosmetic. Airdrop Alert reports the latest version sets a 2.5% annual sponsor fee, names Jane Street and Virtu Financial as authorized participants, designates Coinbase Custody as custodian and BNY Mellon as administrator, and sets creation baskets at 10,000 shares. Cash creations are the default, with in-kind creation allowed but no in-kind redemptions.
The ticker is still a mess. Grayscale's own filing language points to keeping ZCSH, the symbol the existing over-the-counter trust has used, but Airdrop Alert notes The Block's coverage of the same amendment reported ZCH. Nothing is confirmed until NYSE Arca lists it.
DCG's $162 Million Signal
The number that actually moved price sits inside the filing's fine print. Airdrop Alert and cryptotimes.io both report that DCG International Investments, a subsidiary of Grayscale's parent Digital Currency Group, is in non-binding talks to contribute roughly 200,000 ZEC to the fund in exchange for shares.
At the
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