Zcash (ZEC) just hit its highest price point since 2016, sending the coin’s market cap soaring past $20 billion. Over the last seven days, ZEC has pumped 45%, continuing the rally that kicked off after Grayscale converted its Zcash Trust into an ETF, which started trading on August 25.

45% Weekly Pump

This past week, ZEC shot up 45%. That move kept the bullish momentum rolling—a trend that really started to heat up at the end of August—and pushed ZEC to multi-year highs.

Biggest Price Since 2016, Market Cap Over $20B

This latest run sent ZEC’s price to levels we haven’t seen since 2016, with the project’s total market cap blasting through the $20 billion mark.

Grayscale’s Move and ETF Launch Fuel the Rally

The rally’s been on ever since Grayscale flipped its Zcash Trust into an exchange-traded fund. The ETF started trading on August 25, and ZEC’s surge hasn’t let up since.