Zcash price could crash as Grayscale converts ZEC Trust to ETF

cryptonews11-26

Zcash’s price has lost momentum and crashed by 32% from its year-to-date high, and technicals point to more downside despite major news from Grayscale. Summary Zcash price has dropped by 32% from...

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This is an important step as ZCSH will become the first Zcash ETF in the industry.We’ve filed the ZCSH Form S-3 – an important step required to launch the first ZEC ETPs. Zcash launched in 2016. Seeing the potential of the Zcash protocol, we launched Grayscale Zcash Trust  as a private placement in 2017.— Grayscale  November 26, 2025. Grayscale has successfully converted several of its trusts into ETFs, including assets such as Bitcoin , Ripple , and Solana .Zcash’s price has been one of the best-performing in the crypto industry over the past two months. This rally starte","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4129":"建筑与工程","SOL":"EMEREN GROUP","BTC":"Grayscale Bitcoin Mini Trust","BK7083":"煤与消费用燃料","SOL.AU":"WASHINGTON H. SOUL PATTINSON","BK4519":"光伏太阳能","XRP":"Bitwise XRP ETF","BK4550":"红杉资本持仓","BK4588":"碎股","BK7105":"多领域控股","BK4585":"ETF&股票定投概念","FDN":"First Trust Dow Jones Internet I","BTC.AU":"Btc Health Ltd"},"translate_title":"随着灰度将ZEC Trust转换为ETF，Zcash价格可能会暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC.AU":1,"FDN":1.5,"XRP":1,"SOL":1,"BTC":1,"SOL.AU":1},"content_text":"Zcash’s price has lost momentum and crashed by 32% from its year-to-date high, and technicals point to more downside despite major news from Grayscale.\n\n\nSummary\n\n\n\nZcash price has dropped by 32% from its highest level this year.\nGrayscale has filed to convert the ZEC trust into an exchange-traded fund.\nTechnical analysis suggests that the token will have more downside.\n\n\n\nZcash (ZEC), a top player in the privacy industry, was trading at $503 on Wednesday, Nov. 26, bringing its market capitalization to $8.29 billion from the year-to-date high of $11.4 billion.\nZcash price dropped even as after Grayscale filed the S-3 form that will enable it to convert its trust to an exchange-traded fund. This is an important step as ZCSH will become the first Zcash ETF in the industry.\n\nWe’ve filed the ZCSH Form S-3 – an important step required to launch the first ZEC ETPs. Zcash launched in 2016. Seeing the potential of the Zcash protocol, we launched Grayscale Zcash Trust (Ticker: ZCSH) as a private placement in 2017.— Grayscale (@Grayscale) November 26, 2025\n\nThe trust, which has an expense ratio of 2.50% has close to $200 million in assets under management.\nGrayscale has successfully converted several of its trusts into ETFs, including assets such as Bitcoin (BTC), Ripple (XRP), and Solana (SOL).\nConverting such a trust into an ETF makes it available to more investors, as its private placement funds are only available to qualified investors.\nZcash’s price has been one of the best-performing in the crypto industry over the past two months. This rally started after Grayscale announced the launch of its ZEC trust.\nSince then, data shows that its growth has accelerated, with the number of shielded supply soaring. Data compiled by Zechub shows that supply has jumped to over 4 million from below 3 million a few months ago.\nZcash price technical analysis points to a retreat \nZEC price chart | Source: crypto.news\nThe weekly timeframe chart shows that the ZEC price remained in a tight range between the support at $15 and the resistance at $77 between June 2022 and September this year.\nThat consolidation is a sign that the coin was in the accumulation phase of the Dow Theory. This phase is characterized by low volume and volatility.\nThis is followed by the markup phase of the Wyckoff Theory, characterized by soaring demand. It entered the markup phase in late September, when it surged from below $50 to a record high of $742.\nNow, there are signs that the Zcash price has moved to the distribution phase of the Dow Theory. This phase is characterized by downward pressure as investors start to book profits. ZEC has also formed a double-top pattern on the daily chart.\nTherefore, the most likely scenario is a token crash, potentially to the 50% Fibonacci Retracement level at $380, as investors panic-sell. A move below that level will signal more downside, potentially to the 61.8% retracement at $295.\n\n\n\n\n\n                You might also like:\n            \n\n                MON price pumps as key Monad metric jumps 355%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2586265124","isCrawlerRequest":true}