According to CoinDesk, Bitcoin fell to $77,666 on Tuesday before rebounding to approximately $78,900 in early Asian trading on Wednesday, with minimal net change over the 24-hour period and a weekly gain of nearly 2%. The market is currently focused on U.S. inflation data and the Federal Reserve’s interest rate decision scheduled for September 15–16. Meanwhile, Grayscale announced that its Zcash exchange-traded fund, listed on the NYSE Arca two weeks ago, has surpassed $500 million in assets under management. The fund, ticker ZCSH, has attracted over $70 million in cumulative inflows since its launch on August 25 and received a $100 million investment from DCG International Investments. The fund currently holds over 550,000 ZEC, representing approximately 3% of ZEC’s circulating supply.
Grayscale Zcash ETF AUM Surpasses $500M in Two Weeks
TechFlowShare
Summary
Grayscale Zcash ETF news (ZCSH) shows AUM exceeding $500 million two weeks after its NYSE Arca listing. The ETF, launched on August 25, has attracted $70 million in inflows and a $100 million investment from DCG International. It holds over 550,000 ZEC, approximately 3% of the total supply. Bitcoin ETF news remains closely monitored as institutional interest in digital assets continues to grow.
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