ZEC futures open interest surpasses DOGE and BNB ahead of Grayscale Zcash ETF launch on August 25, 2026

Anticipation of Grayscale's Zcash ETF launch on Aug 25 is coinciding with a notable rise in ZEC derivatives positioning, with futures open interest exceeding DOGE and BNB. The shift signals increased speculative and hedging activity focused on ZEC and may tighten liquidity conditions around the listing window. Broader impact on majors appears secondary, but cross-asset leverage could raise short-term volatility in alt derivatives.