Live updates: Zcash pulls back 8% as its Grayscale ETF goes live, capping a 60% rally

Crypto Insight Summary: The privacy coin's spot ETF began NYSE trading Tuesday, which was one of the catalysts behind its surge to an eight-year high. Now traders are selling the news, with leverage stacked into the move. Crypto Insight Analysis: Direction: Bearish ZEC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Profit-taking after ETF launch triggers sell-off, but long-term fundamentals remain intact.