Grayscale’s spot Zcash exchange-traded fund, trading under the ticker ZCSH, began trading on NYSE Arca on Aug. 25. The company described it as the first exchange-traded product globally to offer spot exposure to Zcash (ZEC), with an annual management fee of 2.5%. The fund was previously a private trust launched in 2017, and its shares had been quoted on OTCQX since 2021. Grayscale Index Head Steve Vanourny said demand for genuine financial privacy will grow as AI reshapes how financial activity is monitored, adding that ZCSH gives investors access to what he called the market’s leading privacy asset. The fund’s ZEC is held by Coinbase Custody Trust Company. As of the end of June, the trust had $155.2 million in net assets and held about 2.3% of circulating ZEC. A subsidiary of parent company Digital Currency Group is also discussing a transaction in which authorized participants would exchange about 200,000 ZEC for fund shares, which could make up a large portion of fund ownership.
Grayscale’s spot Zcash exchange-traded fund, ticker ZCSH, started trading on NYSE Arca on Aug. 25. The company said the product is the first exchange-traded product globally to offer spot exposure to Zcash (ZEC), and it carries an annual management fee of 2.5%.
The fund was previously a private trust formed in 2017. Its shares have been quoted on OTCQX since 2021.
Steve Vanourny, head of indexes at Grayscale, said demand for real financial privacy will keep rising as AI reshapes the way financial activity is monitored. He said ZCSH gives investors exposure to what he described as the market’s leading privacy asset.
The fund’s ZEC holdings are custodied by Coinbase Custody Trust Company.
As of the end of June, the trust had net assets of $155.2 million and held about 2.3% of circulating ZEC. A subsidiary of parent company DCG is discussing a deal in which authorized participants would exchange about 200,000 ZEC for fund shares, a transaction that could represent a large portion of the fund’s ownership.
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