ZEC Price Holds Near $1,550 as Zcash ETF AUM Surpasses $1 Billion

Grayscale filed for a Zcash ETF (ZCSH) that would pay shareholders biweekly through option premiums, not direct coin ownership. The filing, submitted to the SEC on September 25, could take effect in early December. The proposed ETF, ZCSH High Income, will not hold Zcash (ZEC) but will trade options tied to Grayscale's existing Zcash ETF. The fund aims to generate income by selling short-dated call options, but this strategy caps upside gains and exposes the fund to market risks.

Grayscale's Zcash ETF (ZCSH) reached $1B in assets under management, though only $306M came from new inflows. The rest was due to Zcash's price surge and pre-existing holdings from the Grayscale Zcash Trust. ZEC's price has doubled since the ETF's launch, contributing to the AUM growth. Meanwhile, broader crypto ETFs saw significant inflows, led by Bitcoin and Ethereum.

Grayscale's Zcash ETF (ZCSH) has reached nearly $1 billion in assets under management, driven by investor inflows and the rise in ZEC's market value. Launched in August, ZCSH is the first US ETF offering direct ZEC exposure. The fund's growth is partly due to ZEC's recent price increase, which has outpaced other altcoins.

Grayscale's Zcash fund ($ZCSH) has reached $1 billion in assets under management, highlighting growing investor interest in privacy-focused cryptocurrencies. The milestone may attract more institutional investors to Zcash, according to the company. Zcash is a privacy-focused cryptocurrency, and Grayscale aims to provide exposure to it through the fund.

Zcash (ZEC) and Monero (XMR) led a 205% surge in privacy coin market cap to $36.51B in five months, per Glassnode and CoinGecko. ZEC's market cap rose $20.27B, while XMR reached $4.33B. Grayscale's ZCSH ETF and SEC's closure of Zcash investigation boosted confidence, though critics like F2Pool's Chun Wang cite protocol weaknesses.

Zcash (ZEC) surpassed $1,600, partly due to the launch of 21Shares' Zcash ETP in Europe, though the rally began earlier. The ETP, trading as ZCASH, allows investors exposure to ZEC without direct ownership. Zcash's price volatility continued, with on-chain activity also increasing, including transfer volume and shielded transactions.