According to ChainCatcher, citing CoinDesk, the Grayscale Zcash Spot ETF (ZCSH) has surpassed $500 million in assets under management since its launch two weeks ago, holding over 550,000 ZEC—approximately 3% of its 16.9 million circulating supply. Since its listing on August 25, the fund has attracted over $70 million in inflows and received an additional $100 million investment from DCG International Investments. Driven by this momentum, ZEC briefly surged above $1,180, rising more than 4% intraday, with a 24-hour trading volume of approximately $1 billion and a market capitalization rising to become the 10th largest cryptocurrency.
Grayscale Zcash ETF AUM Exceeds $500M, Holds Over 550,000 ZEC
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Summary
Grayscale’s Zcash ETF (ZCSH) has surpassed $500 million in AUM just two weeks after its launch. The fund holds over 550,000 ZEC, approximately 3% of the total supply. Since its listing on August 25, it has attracted over $70 million in ETF inflows and secured a $100 million investment from DCG International. ZEC rose to $1,180, up 4%, with $10 billion in 24-hour trading volume, propelling it to the 10th position in crypto market cap.
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