Zcash Hits $1,000 as Short Sellers Lose $34 Million | CoinDesk Daily

Zcash jumps above $1,000.

Zcash surged around 20% to $1,000, nearly doubling in a month and liquidating $34.5 million in short positions. A new Grayscale spot ETF is helping fuel the privacy coin's run. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.