<?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>1279</noOfUnitsSold>
         <aggregateMarketValue>3837.00</aggregateMarketValue>
         <noOfUnitsOutstanding>4759200</noOfUnitsOutstanding>
         <approxSaleDate>05/07/2025</approxSaleDate>
         <securitiesExchangeName>OTCQX</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <acquiredDate>04/12/2022</acquiredDate>
         <natureOfAcquisitionTransaction>10B-18 Purchase</natureOfAcquisitionTransaction>
         <nameOfPersonfromWhomAcquired>Secondary Market</nameOfPersonfromWhomAcquired>
         <isGiftTransaction>N</isGiftTransaction>
         <amountOfSecuritiesAcquired>1279</amountOfSecuritiesAcquired>
         <paymentDate>04/12/2022</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>02/06/2025</saleDate>
               <amountOfSecuritiesSold>2685</amountOfSecuritiesSold>
               <grossProceeds>8592.0</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>05/01/2025</saleDate>
               <amountOfSecuritiesSold>1705</amountOfSecuritiesSold>
               <grossProceeds>5200.25</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>05/02/2025</saleDate>
               <amountOfSecuritiesSold>1875</amountOfSecuritiesSold>
               <grossProceeds>5812.5</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>05/05/2025</saleDate>
               <amountOfSecuritiesSold>1407</amountOfSecuritiesSold>
               <grossProceeds>4192.86</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>04/24/2025</saleDate>
               <amountOfSecuritiesSold>1017</amountOfSecuritiesSold>
               <grossProceeds>3203.55</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>04/28/2025</saleDate>
               <amountOfSecuritiesSold>1844</amountOfSecuritiesSold>
               <grossProceeds>5993.0</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>04/30/2025</saleDate>
               <amountOfSecuritiesSold>1876</amountOfSecuritiesSold>
               <grossProceeds>5796.84</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>04/29/2025</saleDate>
               <amountOfSecuritiesSold>1875</amountOfSecuritiesSold>
               <grossProceeds>5756.25</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>04/25/2025</saleDate>
               <amountOfSecuritiesSold>1876</amountOfSecuritiesSold>
               <grossProceeds>6172.04</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>05/06/2025</saleDate>
               <amountOfSecuritiesSold>2131</amountOfSecuritiesSold>
               <grossProceeds>5881.56</grossProceeds>
            </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>05/07/2025</noticeDate>
            <planAdoptionDates>
            </planAdoptionDates>
            <signature>DCG International Investments Ltd</signature>
        </noticeSignature>
    </formData>
    </edgarSubmission>
