Grayscale has pledged to dedicate all sponsor fees from its Zcash ETF, the ZCSH fund, to Zcash-related initiatives during its first 12 months. The fund, launched on August 25, 2026 on NYSE Arca, charges a fixed annual sponsor fee of 2.5% and is directing that money toward development, marketing, community building and education around the privacy-focused network. Grayscale has already distributed $400,000 to four nonprofit organizations and plans $1 million in total grants. The ETF was converted from the Grayscale Zcash Trust, originally formed in 2017, and directly holds ZEC with Coinbase Custody as primary custodian, with approximately $676 million in assets under management as of November 9, 2026. The commitment is voluntary and can be changed or revoked by Grayscale at any time, with the pledge ending in late August 2027.
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