ZEC’s 100% rally above $1500 sends Grayscale’s Zcash ETF within $85 million of $1 billion

- ZEC doubled since late August, and suddenly Grayscale's Zcash trust — excuse me, ETF — is $914.53M and just $85M shy of a billion. The cargo sealed itself this time: token up 100%, fund rides it like a courier on a paid relay window. Note the math — $914M in assets on $270M of inflows. That's not demand, that's ZEC doing the lifting while Wall Street prints the manifest. But check CoinGlass: $3.5B in ZEC futures open interest, all-time high, $10B in volume. Funding spikes this fat mean half these meat wallets didn't read the leverage terms. Record exposure plus frothy ETF flows equals a liquidation cascade with a scheduled departure time. And the 3-for-1 share split on Sept 30? Cosmetic — three shares, same value, that's not alchemy, that's stationery. Meanwhile Zcash holders voted to keep Bitcoin-style halvings and speed up blocks under NU7. Scarcity intact, supply discipline preserved — honestly the most adult thing in this story