Privacy Coins

Zcash’s price has fallen sharply despite positive news like an ETF application, with technical indicators pointing to a potential trend reversal.

Grayscale has filed to convert its Zcash Trust into an ETF, potentially creating the first fund dedicated to the privacy coin. However, regulatory approval remains uncertain given authorities’ general skepticism toward privacy-focused cryptocurrencies.

While the broader crypto market struggles, privacy-focused coins like Monero (XMR) and Zcash (ZEC) are posting significant gains. Renewed exchange listings and growing demand for financial anonymity are fueling their rally.