- Arthur Hayes elevates Zcash in his Maelstrom Fund portfolio.
- Zcash becomes second-largest holding post-price surge.
- Bitcoin remains top position amid growing privacy interest.
Arthur Hayes, co-founder of BitMEX, announced Zcash as the second-largest asset in his family office, Maelstrom, on November 7, 2025, following a significant price increase.
The move underscores growing interest in privacy assets, particularly as Zcash’s price surged over 700%, indicating a potential shift in market sentiment.
Arthur Hayes, the BitMEX co-founder, announced that Zcash (ZEC) is now the second-largest liquid holding in his family’s Maelstrom office after Bitcoin. The decision comes amid ZEC’s significant price increase.
Hayes confirmed the shift via his verified X account, stating ZEC’s ascent in price has directly influenced its portfolio position. “Due to the rapid ascent in price, $ZEC is now the 2nd largest LIQUID holding in @MaelstromFund portfolio behind $BTC.” (November 7, 2025)
The immediate impact of this announcement on Zcash was notable. The cryptocurrency experienced a considerable price rally, gaining over 700% since September 2025, placing it within the top 20 by market cap.
Financial markets responded to Hayes’ endorsement with increased trading volumes, highlighting the growing interest in privacy-focused crypto assets. The rise in ZEC’s market cap suggests intensified speculative trading activities.
Zcash’s market movement underscores the influence of prominent figures like Hayes. Despite the excitement, such shifts may attract regulatory attention, given privacy coins’ scrutiny. However, no immediate governmental responses have emerged.
ZEC’s increased prominence may prompt further adoption, but its implications for regulatory policies remain uncertain. Privacy coins could face stricter regulations, affecting their market dynamics. Hayes’ support may stimulate broader industry dialogues on privacy.
