Zcash rises above $1,000 as ZCSH ETF assets exceed $400 million

Zcash (ZEC) climbed above $1,000 on Sept. 4, reaching an intraday high of $1,050.70, according to CryptoSlate. The move represented an increase of roughly 20% over 24 hours and brought the cryptocurrency’s monthly gain to nearly 100%. Grayscale’s recently listed ZCSH spot ETF also passed $400 million in assets less than two weeks after its debut. Assets in the fund rose to $414.7 million as Zcash advanced. The price move and ETF asset milestone mark a sharp increase in market activity around ZEC, although the supplied data does not identify a specific cause for the rally. Zcash is the related crypto asset, with the token trading under the symbol ZEC. The figures describe the market and fund levels reported for Sept. 4; no further performance outlook or investment conclusion was provided.