Zcash (ZEC) has risen nearly 8% to approximately $340 following its listing on Robinhood, defying a broader market downturn where the global cryptocurrency market cap fell by 1%. This development comes as Grayscale seeks to convert its Zcash Trust into a spot ETF, potentially attracting inflows between $500 million and $2 billion if approved. The recent $25 million funding round led by Paradigm, a16z, and Coinbase Ventures further supports ZEC's upward momentum, suggesting a structural shift rather than a temporary spike. Analysts are closely watching the $390 level as a key indicator for sustained growth, with potential targets set at $600 if bullish conditions persist.