Grayscale Unveils First US-Zcash ETF on NYSE Arca

Grayscale has launched its Zcash ETF on NYSE Arca under the ticker ZCSH. This marks the first U.S. exchange-traded product focused on a privacy-oriented crypto asset. The fund was spun out of the Grayscale Zcash Trust, which had more than $313.5 million in assets under management.

The launch follows a 65% weekly rise in ZEC prices, as reported by Coinpedia Fintech News. While this development may be seen as positive for Zcash holders and investors, it remains to be seen whether the ETF will attract significant investments and drive further growth in the asset's value.