Zcash Surpasses Dogecoin and Hyperliquid in Market Cap Rankings

Zcash has climbed to the 9th position in global market capitalization, overtaking Dogecoin and Hyperliquid. This surge follows the conversion of the Grayscale Zcash Trust into a spot ETF (ZCSH) on the NYSE Arca, which has driven significant institutional inflows. Meanwhile, Dogecoin faces stagnation, with Bitwise announcing the liquidation of its Dogecoin ETF (BWOW) due to insufficient market interest, with a final trading date set for October 14.