Gemini Co-Founders and Early Bitcoin Backers Increase Zcash Positions; Privacy Coin Up 50% in One Month

According to the Wall Street Journal, early cryptocurrency investors including Winklevoss brothers are increasing their positions in Zcash on May 16, as Bitcoin has become more mainstream and lost some of its original privacy attributes. The shift highlights renewed market interest in privacy-focused assets, with investors viewing Zcash's transaction-shielding mechanism as closer to Bitcoin's early ideals.

Grayscale Investments is reportedly working to convert its Zcash trust into an ETF product to improve accessibility for institutional and retail investors. Zcash has gained approximately 50% over the past month and more than 1000% annually, outperforming Bitcoin despite its $8.9 billion market capitalization.