Zcash Tops $1,000 After First US Spot ETF Approval and SEC Closing Its Investigation

According to Arzdigital, the cryptocurrency Zcash topped 1,000 dollars for the first time on Friday, September 4, 2026 (13 Shahrivar 1405), reaching 1,023 dollars on Coinbase, up from under 50 dollars at the start of 2025. The jump followed the US Securities and Exchange Commission's decision in January 2026 to close a two year investigation into the Zcash Foundation without penalty, clearing the way for Grayscale to convert its fund into the first Zcash spot ETF, trading under the ticker ZCSH on NYSE Arca, which now holds more than 414 million dollars in assets under management.

Per the report, the rally came alongside the liquidation of more than 34.5 million dollars in short derivatives positions, which pushed the price up about 20 percent further in a short span. Zcash, long under regulatory pressure over its privacy focused design, has now returned to the top 10 cryptocurrencies by market value; analysts cited by Arzdigital described it as hard money comparable to bitcoin, with a 21 million unit supply cap, that also allows confidential transactions.