Grayscale's Zcash ETF Has Taken In $306 Million Since August, Valued Near $1 Billion
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10 Articles
Grayscale's Zcash ETF Has Taken In $306 Million Since August, Valued Near $1 Billion
Grayscale's Zcash ETF is flirting with a $1 billion valuation, but fresh investor money dried up three days ago while heavy trading continues. Whether the fund can hold that milestone depends entirely on a cryptocurrency few predicted would matter this much.
ZEC Price Holds Near $1,550 As Zcash ETF AUM Surpasses $1 Billion
ZEC price remains near $1,550 after a sharp rally toward $1,600, with resistance emerging around $1,590–$1,640. Meanwhile, stretched weekly RSI and elevated derivatives activity point to increased market sensitivity, while the ZCSH investment product’s $1 billion AUM highlights growing institutional exposure to Zcash.
The rise in Zcash price has also rapidly increased the size of Grayscale's ZEC-focused exchange-traded product. The assets under management of ZCSH, which trades as a Grayscale Zcash ETF, are approaching the $1 billion mark. This increase in fund size is driven by both new investor inflows and the rise in the market value of ZEC held in the fund. ZCSH is the first ETF in the US to provide direct exposure to the ZEC price. Source: Bitcoinsistemi.…
Key points of the news: Grayscale announced that its Zcash ETF exceeded $1 billion in assets under management per month from its listing in NYSE Arca. Net flows accumulated as of September 24 were $306.12 million, less than 30% of the total; the price rise of ZEC explained the rest. An increase of 30.6 million was ... Read more
Grayscale’s Zcash ETF Hits $1 Billion but Most of It Isn’t New Money
Grayscale says its Zcash exchange-traded fund (ETF) has passed $1 billion in assets one month after listing, but its flow data shows ZEC’s price did most of the work. The Milestone, in One Tweet “$1B in AUM,” Grayscale posted...
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