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  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001977454</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001720265</issuerCik>
      <issuerName>Grayscale Zcash Trust (ZEC)</issuerName>
      <secFileNumber>000-56433</secFileNumber>
      <issuerAddress>
        <com:street1>290 HARBOR DRIVE</com:street1>
        <com:street2>4TH FLOOR</com:street2>
        <com:city>STAMFORD</com:city>
        <com:stateOrCountry>CT</com:stateOrCountry>
        <com:zipCode>06902</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>212-668-1427</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>DCG International Investments Ltd.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Affiliated Entity</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>2236</noOfUnitsSold>
      <aggregateMarketValue>9044.62</aggregateMarketValue>
      <noOfUnitsOutstanding>4513600</noOfUnitsOutstanding>
      <approxSaleDate>08/02/2024</approxSaleDate>
      <securitiesExchangeName>OTCQX</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>04/21/2022</acquiredDate>
      <natureOfAcquisitionTransaction>10B-18 Purchase</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Secondary Market</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2236</amountOfSecuritiesAcquired>
      <paymentDate>04/21/2022</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>05/02/2024</saleDate>
      <amountOfSecuritiesSold>1718</amountOfSecuritiesSold>
      <grossProceeds>9225.66</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>05/03/2024</saleDate>
      <amountOfSecuritiesSold>1627</amountOfSecuritiesSold>
      <grossProceeds>8981.04</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>05/06/2024</saleDate>
      <amountOfSecuritiesSold>1627</amountOfSecuritiesSold>
      <grossProceeds>8623.10</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>05/07/2024</saleDate>
      <amountOfSecuritiesSold>1673</amountOfSecuritiesSold>
      <grossProceeds>7946.75</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor,</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>07/24/2024</saleDate>
      <amountOfSecuritiesSold>789</amountOfSecuritiesSold>
      <grossProceeds>3905.55</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>07/25/2024</saleDate>
      <amountOfSecuritiesSold>1397</amountOfSecuritiesSold>
      <grossProceeds>6635.75</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor,</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>07/26/2024</saleDate>
      <amountOfSecuritiesSold>1677</amountOfSecuritiesSold>
      <grossProceeds>7999.29</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>07/29/2024</saleDate>
      <amountOfSecuritiesSold>1935</amountOfSecuritiesSold>
      <grossProceeds>9268.84</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>07/30/2024</saleDate>
      <amountOfSecuritiesSold>1677</amountOfSecuritiesSold>
      <grossProceeds>6993.09</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>07/31/2024</saleDate>
      <amountOfSecuritiesSold>688</amountOfSecuritiesSold>
      <grossProceeds>3027.20</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DCG INTERNATIONAL INVESTMENTS LTD</name>
        <address>
          <com:street1>3 Mill Creek Road, 3rd Floor</com:street1>
          <com:city>Pembroke</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM 05</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Grayscale Zcash Trust, Common Stock</securitiesClassTitle>
      <saleDate>08/01/2024</saleDate>
      <amountOfSecuritiesSold>817</amountOfSecuritiesSold>
      <grossProceeds>3349.70</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>08/02/2024</noticeDate>
      <signature>DIGITAL INTERNATIONAL INVESTMENTS LTD</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
