Grayscale Launches First U.S. Zcash ETP on NYSE Arca

Grayscale has brought Zcash-focused investment exposure to a U.S. exchange through ZCSH, an ETF holding roughly 387,200 ZEC as of Aug. 24.

The fund began trading on NYSE Arca on Aug. 25 following the conversion of the Grayscale Zcash Trust. ZCSH, with about $314 million in assets under management before its debut, is the first U.S. exchange-traded product centered on ZEC.

The launch comes during a sharp rally in the cryptocurrency. ZEC was trading at $816.46 at the time of writing, up 67.2% over the previous seven days and 1,938.2% over the past year.

ZCSH charges a 2.5% management fee. For up to 12 months after its registration statement takes effect, Grayscale plans to direct fee revenue toward supporting the Zcash ecosystem and promoting the ETF.

Source: Grayscale