Grayscale launches the world’s first Zcash ETF as ZEC hits an eight-year high near $867 and privacy demand gains momentum.

CoinGlass recorded nearly $10 billion in 24-hour futures volume and $1.76 billion in open interest, indicating that derivatives made up much of the trading.

Grayscale Zcash Trust begins NYSE Arca trading Aug. 25 under ticker ZCSH, converting to a spot ETF with over $260M AUM as ZEC surges past $800.