MARKETS: Privacy coins are the only crypto sector above Bitcoin's October 2025 peak, up 213% since then, led by @Zcash's surge as @Grayscale's $ZEC ETF records $34.4M in inflows since launch.

What happened

Privacy coins, led by Zcash, are up 213% since Bitcoin's October 2025 peak, making them the only crypto sector above that peak. Grayscale's ZEC ETF has recorded $34.4 million in inflows since its launch.

Confirmed

Global impact / market context

Investors are putting money into privacy coins and a ZEC ETF, showing demand for assets that offer transaction anonymity. This could increase revenue for Zcash's network and related companies, but also attracts regulatory attention, which might affect their value.

Analyst inference

Bitcoin has not recovered to its October 2025 high, so privacy coins are outperforming the broader crypto market. This performance, plus ETF inflows, suggests a shift toward niche digital assets, which may influence where investors place their funds.

Analyst inference

What to watch

1. Monitor Zcash's price and Grayscale's ZEC ETF inflows to see if the 213% gain continues and whether more money enters the fund. Confirmed
2. Consider how regulatory changes, such as new rules on anonymous transactions, could impact privacy coin adoption and their market prices. Proposed
3. Watch if other privacy coins follow Zcash's lead, as investor interest in the sector might expand beyond the current leader. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com