Grayscale launched the first Zcash ETF, asset management in the order of $314 million

Grayscale launched Zcash ETF (ZCSH) on 25 August and listed NYSE Arca, a product converted from the former Grayscale Zcash Trust to be the first ZEC-only ZEC-traded product in the United States. According to official Grayscale data, as at 24 August, ZCSH asset management was approximately $314 million in size, holding approximately 38,72,000 ZECs at a management rate of 2.5 per cent. Grayscale states that, within a maximum of 12 months after the entry into force of the registration declaration, the ZCSH management fee revenue will be used to support Zcash ecological development and product marketing. The Block data show that ZEC has experienced a cumulative increase of about 45 per cent over the past few days。