Grayscale Zcash ETF Assets Exceed $500 Million, Holding Over 550,000 ZEC

The Grayscale Zcash Spot ETF (ZCSH) has seen its assets under management surpass $500 million just two weeks after its launch. It currently holds over 550,000 ZEC, accounting for approximately 3% of the total circulating supply of 16.9 million ZEC. Since its listing on August 25, the fund has attracted over $70 million in inflows and received a $100 million investment from DCG International Investments. As a result, ZEC briefly surpassed $1,180 during the day, with an increase of over 4%, and a 24-hour trading volume of approximately $1 billion, elevating its market capitalization to the tenth position among cryptocurrencies.

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