Zcash ETF Captures Over One-Third of Crypto ETF Trading Volume
The Grayscale Zcash Trust (OTC: ZCSH), launched on August 27, accounted for 32.5% of all spot crypto ETF trading volume in the week ending September 18, despite holding under $1 billion in assets. The fund recorded a total turnover of $11.42 billion during that period, with nearly all activity concentrated on one day—September 16—which saw over $11 billion traded. The surge was driven by market volatility following the Federal Reserve's rate hike and the Senate’s rejection of the CLARITY Act. High trading volume did not reflect significant net inflows but rather arbitrage between ETF shares and ZEC tokens, as well as increased price activity in Zcash (ZEC), which rose 175% over a month. Despite being weeks old, ZCSH ranks third among altcoin ETFs by inflows. However, the fund's turnover does not equate to net assets or long-term investment interest but rather short-term trading behavior.
Tickers: $ZCSH
Topics: ETFs Grayscale Zcash Trust trading_volume Zcash