<?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>0001977454</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>DCG International Investments Ltd</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Affiliate</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
      <securitiesInformation>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <brokerOrMarketmakerDetails>
               <name>Canaccord Genuity Corp</name>
               <address>
                  <com:street1>609 Granville Street, Suite 2200</com:street1>
                  <com:city>Vancouver</com:city>
                  <com:stateOrCountry>A1</com:stateOrCountry>
                  <com:zipCode>V7Y1H2</com:zipCode>
               </address>
         </brokerOrMarketmakerDetails>
         <noOfUnitsSold>1170</noOfUnitsSold>
         <aggregateMarketValue>4925.70</aggregateMarketValue>
         <noOfUnitsOutstanding>4623700</noOfUnitsOutstanding>
         <approxSaleDate>11/01/2024</approxSaleDate>
         <securitiesExchangeName>OTCQX</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <acquiredDate>04/07/2022</acquiredDate>
         <natureOfAcquisitionTransaction>10B-18 Purchase</natureOfAcquisitionTransaction>
         <nameOfPersonfromWhomAcquired>Secondary Market</nameOfPersonfromWhomAcquired>
         <isGiftTransaction>N</isGiftTransaction>
         <amountOfSecuritiesAcquired>1170</amountOfSecuritiesAcquired>
         <paymentDate>04/07/2022</paymentDate>
         <natureOfPayment>Cash</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>10/24/2024</saleDate>
               <amountOfSecuritiesSold>1322</amountOfSecuritiesSold>
               <grossProceeds>5221.9</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>10/29/2024</saleDate>
               <amountOfSecuritiesSold>2652</amountOfSecuritiesSold>
               <grossProceeds>12122.56</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>08/06/2024</saleDate>
               <amountOfSecuritiesSold>1806</amountOfSecuritiesSold>
               <grossProceeds>6682.2</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>08/01/2024</saleDate>
               <amountOfSecuritiesSold>817</amountOfSecuritiesSold>
               <grossProceeds>3349.7</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>10/30/2024</saleDate>
               <amountOfSecuritiesSold>2783</amountOfSecuritiesSold>
               <grossProceeds>11966.9</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>08/07/2024</saleDate>
               <amountOfSecuritiesSold>1720</amountOfSecuritiesSold>
               <grossProceeds>5934.0</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>10/31/2024</saleDate>
               <amountOfSecuritiesSold>2591</amountOfSecuritiesSold>
               <grossProceeds>10364.0</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>10/25/2024</saleDate>
               <amountOfSecuritiesSold>1601</amountOfSecuritiesSold>
               <grossProceeds>6524.08</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>10/28/2024</saleDate>
               <amountOfSecuritiesSold>1273</amountOfSecuritiesSold>
               <grossProceeds>5410.25</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>08/02/2024</saleDate>
               <amountOfSecuritiesSold>2236</amountOfSecuritiesSold>
               <grossProceeds>9044.62</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>08/05/2024</saleDate>
               <amountOfSecuritiesSold>2106</amountOfSecuritiesSold>
               <grossProceeds>7223.58</grossProceeds>
            </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>11/01/2024</noticeDate>
            <planAdoptionDates>
            </planAdoptionDates>
            <signature>DCG International Investments Ltd</signature>
        </noticeSignature>
    </formData>
    </edgarSubmission>
