Key Insights:

• Zcash crypto soars as high as $857, entering uncharted territory.
• Zcash ETF may become a reality courtesy of GrayScale.
• ZEC open interest soars to $1.5 billion as Grayscale casts a spotlight on privacy.

Zcash crypto just joined the list of a few cryptocurrencies that surged to new all-time highs this week. The demand fueling its momentum was driven not only by recent market excitement but also by Zcash ETF-related hype.

Zcash crypto just had its most bullish week in the last 12 months. The privacy coin was up 62% this week, trading at $793 at press time.

However, the cryptocurrency previously surged to $857 on Saturday morning. This was officially the highest price Zcash crypto has achieved since its…