According to CryptoNews, Zcash (ZEC) is testing critical support near $980 after a weekly decline of more than 26% as of mid-November 2026. The privacy-focused crypto has struggled to recover above the $1,000 psychological level following a sharp sell-off that pushed it to its lowest levels since September.

Grayscale announced a $1 million commitment to support Zcash ecosystem development, privacy research, and community initiatives. The asset manager also launched a nationwide marketing campaign and initiated its Zcash ETF (ZCSH). However, the positive developments have failed to reverse selling pressure. Grayscale's ZCSH ETF recorded $46.25 million in outflows during October, with approximately $30 million exiting through November 11.

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