The new ETF converts Grayscale’s existing Zcash Trust and tracks the spot price of $ZEC, which has surged 45% recently.
Grayscale Investments launched the first exchange-traded fund tracking the spot price of privacy-focused cryptocurrency Zcash ($ZEC). The ETF, trading under the ticker ZCSH on NYSE Arca, carries a 2.5% management fee and converts Grayscale’s existing Zcash Trust into an exchange-traded product.
Zcash, derived from Bitcoin’s codebase and launched in 2016, has seen its price rise 45% in recent days amid a broader crypto rally. Grayscale already offers ETFs for Bitcoin ($BTC) and Ethereum ($ETH), expanding its suite of crypto investment products.
The firm stated the ETF structure makes Zcash more accessible to investors, highlighting its long-term potential in the digital asset space.