According to CoinMeta, the price of Zcash ( ZEC ) has broken through $1,200, reaching a new high in nearly a decade, with an increase of over 40% in the past week. This rebound has been driven by four major factors: demand for ETF, interest in privacy, short squeeze, and tightening supply. Grayscale launched Zcash ETF ( ZCSH ) at the end of August, attracting at least $34.4 million in net inflows and creating new spot demand for ZEC. As more and more ZEC flow into the privacy pool, the holding volume has approached 4.85 million coins, further reducing the available supply on exchanges.