<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001652536</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>1720265</issuerCik>
            <issuerName>GRAYSCALE ZCASH TRUST (ZEC)</issuerName>
            <secFileNumber>000-56433</secFileNumber>
            <issuerAddress>
                <com:street1>290 Harbor Drive</com:street1>
                <com:city>Stamford</com:city>
                <com:stateOrCountry>CT</com:stateOrCountry>
                <com:zipCode>06902</com:zipCode>
            </issuerAddress>
            <issuerContactPhone>212-668-1427</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Digital Currency Group, Inc.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Affiliate</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
      <securitiesInformation>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <brokerOrMarketmakerDetails>
               <name>Canaccord Genuity Inc</name>
               <address>
                  <com:street1>535 Madison Avenue, </com:street1>
                  <com:city>New York</com:city>
                  <com:stateOrCountry>NY</com:stateOrCountry>
                  <com:zipCode>10022</com:zipCode>
               </address>
         </brokerOrMarketmakerDetails>
         <noOfUnitsSold>2525</noOfUnitsSold>
         <aggregateMarketValue>7751.75</aggregateMarketValue>
         <noOfUnitsOutstanding>4759200</noOfUnitsOutstanding>
         <approxSaleDate>04/29/2025</approxSaleDate>
         <securitiesExchangeName>OTCQX</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <acquiredDate>09/30/2023</acquiredDate>
         <natureOfAcquisitionTransaction>Privately Negotiated Transaction</natureOfAcquisitionTransaction>
         <nameOfPersonfromWhomAcquired>Purchased from Issuer</nameOfPersonfromWhomAcquired>
         <isGiftTransaction>N</isGiftTransaction>
         <amountOfSecuritiesAcquired>2525</amountOfSecuritiesAcquired>
         <paymentDate>09/30/2023</paymentDate>
         <natureOfPayment>Cash</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/05/2025</saleDate>
               <amountOfSecuritiesSold>1434</amountOfSecuritiesSold>
               <grossProceeds>4889.94</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/06/2025</saleDate>
               <amountOfSecuritiesSold>3615</amountOfSecuritiesSold>
               <grossProceeds>11568.0</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/04/2025</saleDate>
               <amountOfSecuritiesSold>1865</amountOfSecuritiesSold>
               <grossProceeds>6564.8</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/03/2025</saleDate>
               <amountOfSecuritiesSold>2467</amountOfSecuritiesSold>
               <grossProceeds>8881.2</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>01/30/2025</saleDate>
               <amountOfSecuritiesSold>2467</amountOfSecuritiesSold>
               <grossProceeds>10484.75</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>01/31/2025</saleDate>
               <amountOfSecuritiesSold>2467</amountOfSecuritiesSold>
               <grossProceeds>10608.1</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>04/24/2025</saleDate>
               <amountOfSecuritiesSold>1368</amountOfSecuritiesSold>
               <grossProceeds>4309.2</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>04/28/2025</saleDate>
               <amountOfSecuritiesSold>2481</amountOfSecuritiesSold>
               <grossProceeds>8063.25</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>04/25/2025</saleDate>
               <amountOfSecuritiesSold>2524</amountOfSecuritiesSold>
               <grossProceeds>8303.96</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>Digital Currency Group, Inc.</name>
                  <address>
                     <com:street1>290 Harbor Drive, 4th Floor</com:street1>
                     <com:city>Stamford</com:city>
                     <com:stateOrCountry>CT</com:stateOrCountry>
                     <com:zipCode>06902</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>01/29/2025</saleDate>
               <amountOfSecuritiesSold>2467</amountOfSecuritiesSold>
               <grossProceeds>9769.32</grossProceeds>
            </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>04/29/2025</noticeDate>
            <planAdoptionDates>
            </planAdoptionDates>
            <signature>Digital Currency Group, Inc.</signature>
        </noticeSignature>
    </formData>
    </edgarSubmission>
