Privacy coin sector sees $24.5B surge in market cap over five months

The privacy coin sector's market capitalization rose from $11.97 billion to $36.51 billion over the past five months, an increase of $24.54 billion or about 205%. Zcash (ZEC) led gains with a $20.27 billion rise, followed by Monero (XMR) at $4.33 billion. In January, the U.S. SEC closed its investigation into the Zcash Foundation without recommending enforcement action. On August 25, Grayscale converted its Zcash Trust into the ZCSH spot ETF, which began trading on NYSE Arca as the first U.S.-listed privacy coin spot ETF. On September 8, Digital Currency Group exchanged ZEC for approximately $100 million worth of ZCSH ETF shares. During this period, ZEC's price climbed from $319 to $1,507, while XMR rose from $330 to $555.