Grayscale is on the New York Stock Exchange Arca, Zcash ETF, trade code ZCSH. The fund became the first United States exchange-trading product to focus exclusively on privacy-type encrypted assets.
The product was divided by Grayscale Zcash Trust. Public information indicates that prior to the split, the trust management assets exceeded $313.5 million.
Market reactions before and after listing
Before this ETF came on the market, ZEC prices rose 65% within a week. It was mentioned that institutional activity had increased before the listing, and the market was also observing follow-up inflows.
Follow-up concerns
Next, the volume of transactions and institutional requisitions will determine the demand for the product. For Zcash, this is also a step towards more mainstream trading channels.