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ZEC Rises 5.45% in the Past 24 Hours Following Grayscale's ZEC ETF Filing

ZEC Rises 5.45% in the Past 24 Hours Following Grayscale's ZEC ETF Filing

Bitget-RWA2025/12/03 05:22
By:Bitget-RWA

- ZEC rose 5.45% in 24 hours but fell 26.99% weekly amid Grayscale's ZEC ETF filing with the SEC. - Whale activity shows $25M ZEC short exposure with $3. 3M unrealized gains, signaling growing bearish pressure. - Grayscale's ZEC ETF aligns with institutional altcoin adoption trends, following recent approvals for XRP , SOL, and DOGE . - Analysts anticipate ETF approval within months, potentially boosting ZEC's institutional adoption despite short-term volatility.

ZEC Sees Notable Price Movement Amid ETF Developments

On December 3, 2025, ZEC experienced a 5.45% surge over a single day, closing at $327.33. Despite this uptick, the cryptocurrency has faced a 26.99% decline over the past week and a 22.89% drop in the last month. However, compared to a year ago, ZEC remains up by an impressive 486.44%. Recent price shifts appear to be influenced by renewed enthusiasm in the altcoin ETF sector, which has attracted fresh investor attention.

Grayscale Submits Application for ZEC ETF

Grayscale Investments, a leading name in crypto asset management, has officially applied to the U.S. Securities and Exchange Commission (SEC) to launch a spot Zcash (ZEC) exchange-traded fund (ETF). This move follows the SEC’s recent approval of spot ETFs for several altcoins, including XRP, Solana (SOL), and Dogecoin (DOGE). Grayscale also introduced its first spot Chainlink (LINK) ETF on December 3.

The company has highlighted ZEC’s importance in the crypto landscape, particularly for its privacy features and data verification capabilities. Grayscale has a track record of converting private trusts for various altcoins into ETFs without charging commission fees, and the ZEC ETF is expected to follow this model.

Whale Activity Signals Increasing Bearish Sentiment

Blockchain data as of December 3 reveals that major whale accounts on Hyperliquid are taking more bearish positions in ZEC.

ZEC Whale Activity Chart

The largest ZEC short holder, known as "ZEC&MON Largest Bear," has expanded its short position in ETH by $1.21 million, now holding $25.09 million in ETH shorts. This position has generated an unrealized profit of $7.88 million, a 471% return. The same entity has also increased its ZEC shorts, with unrealized gains reaching $3.3 million, or 187%.

Another significant player, “pension-usdt.eth,” has become the top BTC short holder on Hyperliquid after initiating a $91 million BTC short at 3 AM ET. This trade currently boasts a 542% unrealized gain, with a liquidation price set at $101,000. Such activity points to mounting bearish pressure across both BTC and altcoin markets, with ZEC facing heightened selling interest.

Institutional Momentum in Altcoin Infrastructure

Grayscale’s ZEC ETF proposal reflects a broader movement toward institutional involvement in altcoin infrastructure. Chainlink, for example, recently launched its first spot ETF and has formed a partnership with the U.S. Department of Commerce to deliver macroeconomic data to blockchain networks through oracle technology. This collaboration underscores the increasing integration of altcoin protocols with established financial data systems.

Although ZEC has yet to secure a comparable institutional alliance, its emphasis on privacy-centric blockchain solutions makes it a strong contender for ETF inclusion. Should Grayscale’s ZEC ETF come to market, it could spark renewed institutional interest in the asset, especially among investors seeking diversified exposure to the altcoin sector.

Market Outlook and Analyst Expectations

Experts anticipate that the ZEC ETF could receive approval and launch within the coming months, pending SEC evaluation and prevailing market conditions. While ZEC’s short-term price swings remain pronounced, with a 26.99% weekly drop, its 486.44% annual growth points to a robust long-term narrative.

Investor confidence is further buoyed by the growing momentum behind altcoin ETFs, as evidenced by Grayscale’s recent initiatives to broaden its ETF offerings. Approval of the ZEC ETF would mark a significant milestone for altcoin integration into mainstream finance.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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