Grayscale Zcash ETF average daily volume doubles since February

The average daily trading volume for Grayscale's Zcash (ZEC) spot ETF reached approximately $1.7 million in April, more than double the level seen in February, The Block reported. While this figure remains significantly lower than the volumes recorded in the last two months of the previous year, The Block noted that trading activity has been on a consistent upward trend since January. The report also highlighted a structural increase in privacy blockchain use cases, with the proportion of Zcash's shielded supply—ZEC with privacy features enabled—growing to around 30% of its circulating supply.