Grayscale's $306M Zcash ETF Aims for $1B Valuation

Grayscale's Zcash ETF has seen significant growth since its launch on August 25, attracting $306 million in new investments.

The fund's total assets have ballooned to around $996 million as of September 25, with less than a third of the value coming from fresh capital and the rest from existing assets and price gains.

A significant portion of the fund's value comes from Zcash coins held by the trust since October 2017, which have appreciated in value due to Zcash's surge from around $810 on August 27 to $1,532 on September 26.

The ETF saw heavy trading on September 25, with investors exchanging $77 million worth of shares, but no new money flowed into the fund that day or the following two days.