{"id":77753,"date":"2026-09-05T13:43:55","date_gmt":"2026-09-05T13:43:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zcash-tops-1000-as-arthur-hayes-and-others-back-the-privacy-trade\/"},"modified":"2026-09-05T13:43:55","modified_gmt":"2026-09-05T13:43:55","slug":"zcash-tops-1000-as-arthur-hayes-and-others-back-the-privacy-trade","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zcash-tops-1000-as-arthur-hayes-and-others-back-the-privacy-trade\/","title":{"rendered":"Zcash Tops $1,000 as Arthur Hayes and Others Back the Privacy Trade"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ZEC hit $1,046 on Sept. 4 and holds a $17 billion market cap, ranking 11th and above dogecoin.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Grayscale\u2019s ZCSH ETF has grown to $414.7 million since Aug. 25 as $34.5 million in ZEC shorts were liquidated.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitwise\u2019s Matt Hougan and Alliance DAO\u2019s Qiao Wang have named zcash (ZEC) alongside bitcoin as core holding options.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>The Chart Arthur Hayes Could Not Stop Crying Over<\/h2>\n<p>At 22:18 UTC on Thursday, Arthur Hayes <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/2096000154491048027\" target=\"_blank\" rel=\"noopener noreferrer\">posted a one-hour<\/a> chart showing ZEC at $1,021.69, adding:<\/p>\n<blockquote>\n<p>\u201cI was going to retire my bloodline, but then I was \u2018zidelined\u2019.\u201d<\/p>\n<\/blockquote>\n<p><\/p>\n<p>The chart tells the story as zcash bottomed near $250 in early June, spent July between $400 and $580, then went vertical after Aug. 21. By Thursday night, it was printing four digits, a level the privacy coin has not seen since its launch spike in late 2016.<\/p>\n<h2>Where the Numbers Stand Now<\/h2>\n<p>At press time, ZEC is <a href=\"https:\/\/markets.bitcoin.com\/crypto\/zcash\" target=\"_blank\" rel=\"noopener noreferrer\">changing hands at about $1,010<\/a> after a 24-hour high of $1,046. The 30-day gain is 98%, the 12-month gain 2,296%, and the market cap sits at $17 billion, enough to rank 11th and edge past dogecoin\u2019s $13.4 billion. For scale, bitcoin\u2019s price slipped 1.4% over the same 24 hours to about $79,700, so this is not a beta trade on the broader market.<\/p>\n<p>The move ran over leveraged bears as roughly $34.5 million in short positions were liquidated on Friday, as open interest peaked near $2.15 billion. One year ago, ZEC traded around $40, but by March it was at $200.<\/p>\n<p>Bitcoin.com News has been tracking the run-up through August, as ZEC <a href=\"https:\/\/news.bitcoin.com\/market-updates\/zcash-leads-august-rally-with-massive-82-surge\/\">first climbed 82%<\/a> from about $472 to a peak near $890 on Aug. 30. That was the month Grayscale converted its nine-year-old Zcash Trust into ZCSH, the first U.S. spot exchange-traded fund (ETF) holding the token.<\/p>\n<p>ZCSH <a href=\"https:\/\/news.bitcoin.com\/featured\/grayscales-zcash-etf-begins-trading-on-nyse-arca-with-spot-zec\/\">began trading on NYSE Arca<\/a> on Aug. 25 with a 2.5% fee that Grayscale says it will route back into the Zcash ecosystem. By Sept. 3, the fund held $414.7 million in assets, up from $304 million at conversion.<\/p>\n<h2>Who Is Buying, and Why<\/h2>\n<p>Hayes is the loudest owner, but he was not the only one talking on Thursday.<\/p>\n<ul>\n<li>Matt Hougan, chief investment officer at Bitwise, <a href=\"https:\/\/twitter.com\/CoinDesk\/status\/2096024510466236921\" target=\"_blank\" rel=\"noopener noreferrer\">told media<\/a> there are three crypto stories worth owning right now, namely bitcoin for currency debasement, zcash for privacy, and a decade-long tokenization super cycle running through ETH, SOL and UNI.<\/li>\n<li>Qiao Wang, Alliance DAO founding partner, said on the <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2096025525470855290\" target=\"_blank\" rel=\"noopener noreferrer\">Steady Lads podcast<\/a> on Aug. 29 that his personal crypto portfolio holds only bitcoin and zcash. Stocks make up 70% to 80% of his net worth and crypto 20% to 30%, yet on a risk-adjusted basis he says the zcash position rivals his entire equity book.<\/li>\n<\/ul>\n<p>That said, a coin that has risen 2,300% in a year does not need a reason to drop, especially in a market like crypto. Moreover, open interest above $2 billion means the liquidation engine can swing either way. Lastly, ZCSH\u2019s 2.5% fee is steep by ETF standards and could cap inflows once the novelty fades. Interesting few weeks ahead for zcash, to say the least.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/market-updates\/zcash-tops-1000-hayes-hougan-privacy-trade\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways ZEC hit $1,046 on Sept. 4 and holds a $17 billion market cap, ranking 11th and above dogecoin. Grayscale\u2019s ZCSH ETF has grown to $414.7 million since Aug. 25 as $34.5 million in ZEC shorts were liquidated. Bitwise\u2019s Matt Hougan and Alliance DAO\u2019s Qiao Wang have [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":77754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77753"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77753"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77754"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}