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$ZEC ZEC at $780 — ETF Launch, Sell the News Grayscale Zcash ETF (ZCSH) went live Tuesday — ZEC dropped 7% to $780. Classic "buy rumor, sell news." Why? Pre-ETF, ZEC surged sub-$600 → $880; OI doubled to $1.8B. Overcrowded longs triggered profit-taking. Grayscale's 2.5% fee revenue reinvested into Zcash ecosystem. NU7 vote underway (until Sept 14) — emission smoothing, block time changes. Long-term ETF thesis intact, short-term digestion needed. $780 direction unclear. Wait.