Timeline
- 7.5
grayscalezcashetfhits$1bnetassets - Binance
Grayscale's Zcash ETF has surpassed $1 billion in net assets, according to a Binance report. The milestone marks a notable institutional-adoption level for a fund giving regulated exposure to the privacy-focused cryptocurrency Zcash. The report frames the $1 billion figure as an institutional-adoption milestone for a privacy-focused crypto asset, indicating meaningful demand for Zcash exposure through a regulated fund wrapper. The fund is the Grayscale Zcash ETF, which trades under the ticker ZCSH and is passively invested solely in ZEC, the native token of the Zcash network; it was created by converting Grayscale's previously existing Zcash trust into an ETF wrapper rather than through a traditional new launch.
- 7.5
Grayscale's Zcash ETF nears $1B as ZEC doubles past $1,500
Grayscale's Zcash ETF (ZCSH), which began trading on NYSE Arca on Aug. 25, has reached $914.53 million in net assets and $270.95 million in cumulative net inflows, putting it roughly $85 million short of $1 billion. Over the same period ZEC roughly doubled to trade around $1,540 on Sept. 19, while ZEC futures open interest climbed to a record of about $3.5 billion and futures volume crossed $10 billion for the first time since early June. This is a clear example of regulated, brokerage-accessible exposure to a single altcoin expanding at the same time as record leveraged positioning builds in its derivatives market, meaning institutional inflows and speculative leverage are now reinforcing each other in the same asset. It also tests whether a converted Grayscale trust can scale toward the $1 billion mark that has become a benchmark for altcoin ETF viability, which will inform how issuers and regulators approach similar single-asset products. Because ZCSH physically holds ZEC, price appreciation inflates the assets already inside the fund alongside new creations, which is why its $914.53 million asset base is more than three times its $270.95 million cumulative net inflows. Grayscale announced a 3-for-1 forward split on Sept. 18, with shareholders of record at the Sept. 28 close receiving two additional shares per share held and distribution after the Sept. 29 close, cutting per-share net asset value to roughly one-third of its pre-split level.
- 7.5
Grayscale's Zcash ETF Plans 3-for-1 Split After $233M Inflow Surge
Grayscale's Zcash ETF (ZCSH) is planning a 3-for-1 share split after a $233 million inflow surge pushed the fund's assets to nearly $890 million. The move follows a sharp rally in ZEC that has also driven mining competition on the Zcash network to record highs. A share split lowers the per-share price of ZCSH, making the ETF easier to buy in smaller amounts and potentially broadening its retail investor base. It also signals that institutional-style, exchange-traded exposure to a privacy-focused asset has grown large enough to warrant routine market-structure housekeeping, a notable step for a category long treated as niche by regulated venues. A 3-for-1 split triples the number of shares outstanding while dividing the price per share by three, leaving the fund's total assets and each holder's overall value unchanged. ZCSH is structured as an exchange-traded product that is not registered under the Investment Company Act of 1940, so it does not carry the same regulatory protections as 1940 Act-registered ETFs and mutual funds.
- 7.5
Zcash tops $1,000 as spot ETF passes $400 million
Zcash broke above $1,000 on September 4, reaching an intraday high of $1,050.70, a roughly 20% gain in 24 hours. Grayscale's ZCSH spot ETF assets climbed past $400 million less than two weeks after its NYSE Arca debut, while Zcash futures open interest crossed $2 billion for the first time. This marks a notable revival of institutional and retail interest in privacy coins, with a regulated US spot ETF and record leveraged futures coexisting for the first time in ZEC's market structure. It also reopens the debate over whether Zcash can pose a durable challenge to Bitcoin's dominance by combining sound money properties with growing privacy demand in the AI era. ZCSH's assets grew from $304.6 million at its August 25 launch to $414.7 million by September 3, while the fund's ZEC holdings rose from 387,849 to 428,613. Roughly $40 million of ZEC shorts were liquidated in a day, and 24-hour futures volume briefly exceeded $6 billion, signaling heavy derivative activity.
- 7.5
Zcash Surges to Eight-Year High Near $850 on Grayscale ETF Push
Zcash's price reached an eight-year high near $850, with 24-hour futures volume hitting nearly $10 billion and open interest at $1.76 billion, according to CoinGlass. The surge came as Grayscale pushed forward with a Zcash ETF filing. This surge signals growing mainstream interest in privacy-focused cryptocurrencies and could pave the way for the first privacy-coin ETF in the US. The high futures volume shows derivatives, not spot trading, are driving the rally, which also carries volatility risks. Derivatives accounted for the bulk of activity, with nearly $10 billion in 24-hour futures volume and $1.76 billion in open interest, per CoinGlass. Grayscale's ETF filing would be the first for a privacy-focused digital asset, and Zcash's previous price around this level dates back to its early trading days in 2018.