Geopolitics Alpha

Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules

Published . Updated .

Researchers have mapped out private bitcoin-denominated transfers that run alongside Bitcoin, but the system still lacks a finished way to lock up real BTC and release it again.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • BITB BITWISE BITCOIN ETF TR

    GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITU PROSHARES ULTRA BITCOIN ETF

    GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITX 2X BITCOIN STRATEGY ETF

    GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • GBTC GRAYSCALE BITCOIN TRUST ETF

    GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
BITB———————
BITU———————
BITX———————
GBTC———————

Researchers have mapped out private bitcoin-denominated transfers that run alongside Bitcoin, but the system still lacks a finished way to lock up real BTC and release it again.

Source: CoinDesk

Bitwise Bitcoin ETF (BITB) since this story, compared with the market

Since the first closing price after “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules,” Bitwise Bitcoin ETF (BITB) is -1.97%. The S&P 500 fund (SPY) is +0.15% over the same days, a -2.11% difference versus the market.

BITB
SPY

Who gains and who loses around Bitwise Bitcoin ETF (BITB)

Companies mentioned with this story

  • BITB Bitwise Bitcoin ETF

    Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 26 Sep 2026 story “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITU Proshares Ultra Bitcoin Etf

    In “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITX 2X Bitcoin Strategy Etf

    For “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules,” 2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GBTC Grayscale Bitcoin Trust ETF

    Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence in the 26 Sep 2026 story “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules.” Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • IBIT iShares Bitcoin Trust ETF

    In “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ARKB Ark 21Shares Bitcoin ETF

    For “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules,” Ark 21Shares Bitcoin ETF (ARKB) is linked, with no stored direction, medium confidence. Reason on file: GA selected ARKB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Bitwise Bitcoin ETF (BITB)

The 26 Sep 2026 story “Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules” names Bitwise Bitcoin ETF (BITB) because of this story.

Bitwise Bitcoin ETF (BITB) is on the page because GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, Proshares Ultra Bitcoin Etf (BITU), is listed for a different reason: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates in the story, and the Bitwise Bitcoin ETF (BITB) price range

BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.

How strong the case is around Bitwise Bitcoin ETF (BITB)

46 out of 100

“Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.