Grayscale’s Zcash ETF Tops $1 Billion, With Price Gains Driving Growth
Grayscale says its Zcash ETF exceeded $1 billion in assets a month after listing, with ZEC price gains accounting for most of the growth rather than new money.
Grayscale’s Zcash exchange-traded fund has surpassed $1 billion in assets under management roughly one month after its listing, according to Bitcoin.com News.
The asset manager announced the milestone in a late-Thursday social media post about its ZCSH offering.
Flow figures cited in the report indicate that appreciation in ZEC, Zcash’s native cryptocurrency, drove most of the asset growth rather than fresh investor capital. The milestone therefore does not represent $1 billion in new inflows.
Source: Bitcoin.com News
