Grayscale Unveils First US Spot ETF for Zcash on NYSE Arca

Grayscale has converted its Zcash Trust into an exchange-traded fund (ETF) listed on NYSE Arca under the ticker ZCSH. This move makes it the first U.S. spot ETF for Zcash, allowing ordinary brokerage accounts to hold the asset directly rather than through futures or swaps.

The new ETF has a 2.5% annual sponsor fee, which accrues daily and is payable in ZEC. Revenue from this fee will be routed back into the Zcash network to fund promotion and development. As of Monday, the trust reported more than $313.5 million in assets under management.

Zcash has been gaining momentum, with its price near $851 on Tuesday, giving it a market value close to $14.37 billion. The token has wiped out a June selloff and added close to 70% over the past week.