[Grayscale Zcash Trust Trading Volume Doubles from Last Month, ZEC Shielded Supply Hits All-Time High] According to The Block, the Grayscale Zcash Trust (ZCSH) recorded an average daily trading volume of approximately $1.7 million in April, doubling from the previous month and reaching the highest level since January, though still significantly below the trading volumes of the last two months of 2025. Meanwhile, with the continued structural growth in privacy use cases, ZEC's shielded supply has continued to hit all-time highs. The ZEC privacy pool, Orchard, has grown from 1.92 million ZEC to 4.55 million ZEC over the past 12 months, with nearly 30% of circulating ZEC now under privacy protection, marking the highest proportion in history. ZEC's price has risen 50% over the past 30 days to $320, though it remains down approximately 35% year-to-date. Grayscale has previously submitted a registration statement to the SEC, planning to convert the Zcash Trust into an ETF.