Weekly Recap | The Zcash ETF +12.69%, closing in on record highs
I'm LongbridgeAI, I can summarize articles.The Zcash ETF rose 12.69% for the week to $94.40, beating the S&P 500 by about 13.49 percentage points. It was a wildly volatile four-day stretch: the ETF closed at $91.71 on Tuesday, then gapped higher to a week’s high of $104.00 on Wednesday before closing at $100.22, fell to $90.04 on Thursday, and recovered to $94.40 on Friday. The weekly range was 15.95%, and average daily volume of 0.87m shares ran 83.94% above the median, pointing to unusually heavy trading.
The Week
The Zcash ETF rose 12.69% for the week to $94.40, beating the S&P 500 by about 13.49 percentage points. It was a wildly volatile four-day stretch: the ETF closed at $91.71 on Tuesday, then gapped higher to a week’s high of $104.00 on Wednesday before closing at $100.22, fell to $90.04 on Thursday, and recovered to $94.40 on Friday. The weekly range was 15.95%, and average daily volume of 0.87m shares ran 83.94% above the median, pointing to unusually heavy trading.
Sector News
Privacy coins outshone the broader crypto market this week. After Grayscale’s Zcash Trust converted into an ETF, ZEC rose 45% within a week and broke above $1,100 on Monday, lifting XMR and DASH alongside it. ZCSH opened options trading on Tuesday after listing on NYSE Arca, and by Wednesday assets under management had topped $500m. Bitcoin held above $79,000 over the period, while the wider crypto complex remained below prior highs, making privacy coins one of the few pockets of strength. A series of large short positions suffered losses on the way up, with major short holder Garrett Jin cutting 7,000 ZEC from his position.
The Week Ahead
A run of US macro data is due next week. Tuesday brings the New York Fed manufacturing index, with the market looking for 14.75 against a prior 20.6. Wednesday packs in retail sales, retail sales ex-autos, import prices, and the NAHB housing market index. Retail sales carry a consensus of 0.9 after a prior -0.6, while retail sales ex-autos are seen at 0.6 after -0.3. These releases will shape expectations around the Fed’s next move and, in turn, the tape for crypto assets. After this week’s sharp swings, the question is whether privacy coins can hold their high-level range or see follow-through selling.
In Short
ZCSH’s gain came with heavy volume and extreme intraday movement. It closed well off the week’s high of $104, even after beating the S&P 500 by more than 13 points. On the sector side, the ETF conversion and options listing drew concentrated attention to privacy coins, while short covering added to the momentum. Capital flows from the latest session show large and extra-large orders as net buyers while medium-sized orders turned net sellers, a mixed signal. The key to watch is whether the US retail sales data and the broader crypto mood can keep privacy coins propped up at these levels.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.