Grayscale has launched the world’s first Zcash ETF, trading under the ticker ZCSH on NYSE Arca. The fund is a conversion of the existing Grayscale Zcash Trust, which managed more than $313 million in assets. At launch, ZEC hit an eight-year high near $867 before pulling back to around $822. Traders are now watching whether ETF-driven demand can sustain another rally, with ZEC futures open interest exceeding $1.2 billion and funding rates remaining positive. The launch follows Grayscale’s previous conversions of Bitcoin, Ethereum, XRP, SOL, and Litecoin trusts into ETFs after its legal battle with the U.S. SEC.
Source: Read the original article
