Grayscale Zcash ETF Splits After Record Inflows

Grayscale's Zcash ETF has undergone a 3-for-1 split after attracting $233 million in inflows. The asset now surpasses $1 billion in assets under management, according to recent data.

The ETF's price is doing most of the work, with the majority of its growth driven by increasing demand rather than new investments.

This influx of capital comes on the heels of a strong institutional buying trend for XRP, which has seen Bitwise acquire over $19 million in the token in a single session. This marks the third consecutive day that Bitwise has increased its XRP holdings.