Grayscale Zcash ETF Sees Record Inflows Amid ZEC Price Surge

Grayscale's Zcash ETF saw a significant influx of funds on September 17, attracting $46.6 million in new assets. This marks its second-largest daily intake since it debuted on NYSE Arca on August 25.

The rapid accumulation phase has continued into this week, with the fund adding approximately $60.5 million, bringing its total to over $500 million by September 8. A separate investment of $100 million from DCG International Investments also contributed to this growth.

ZEC has been trading near $1,550 on September 19, up around 178% over the past month. Grayscale is preparing a 3-for-1 share split in response to the increased demand, which will be implemented by September 30.