Grayscale’s Zcash ETF (ZCSH) has reached a net asset value of $914.53 million since its listing on NYSE Arca on August 25, leaving it approximately $85 million short of the $1 billion threshold. As of September 19, ZEC was trading at around $1,540, roughly doubling since its launch. ZCSH has accumulated net inflows of $270.95 million. As the ETF holds actual ZEC, both the price appreciation of ZEC and new share subscriptions have driven up the value of existing assets, resulting in an asset size more than triple the net inflows. On September 18, Grayscale announced a 1-for-3 reverse stock split; on September 28, registered shareholders received two additional shares for each share held, with distribution occurring after market close on September 29.
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