Grayscale Zcash ETF Volume Doubles in April as ZEC Shielded Supply Hits Record High

According to The Block, Grayscale Zcash Trust (ZCSH) spot ETF averaged roughly $1.7 million in daily volume in April, more than double the figure from March. The uptick represents the highest level since January.

Meanwhile, ZEC's shielded supply continues to reach record highs. The Orchard pool has grown from 1.92 million ZEC to 4.55 million ZEC over the last 12 months, with nearly 30% of all circulating ZEC now held in shielded form—the highest ratio in history.