Grayscale's Zcash ETF Surpasses $915 Million in Assets
The Grayscale Zcash ETF (ZCSH) has surpassed $915 million in assets just a month after its August 25 listing. The fund, which holds the privacy-focused cryptocurrency Zcash (ZEC), reported over $233 million in cumulative net inflows by September 18 and now owns nearly 3.5% of all circulating ZEC coins. The ETF's rapid growth coincides with a strong performance from Zcash itself, which has surged more than 200% this year. The fund is an evolution of Grayscale’s earlier trust offering launched in late 2017 and includes contributions both from outside investors and affiliated entities. This increased institutional interest could further restrict the supply of available ZEC due to its capped issuance model. Analysts suggest that despite a high annual fee of 2.5%, the ETF provides an accessible way for traditional investors to gain exposure to Zcash without engaging with its privacy features, potentially supporting continued price appreciation.
Tickers: $ZCSH
Topics: crypto adoption ETF growth Grayscale Zcash