Grayscale's Zcash ETF Nears $1 Billion as Token Value Doubles

Grayscale's Zcash ETF, trading as ZCSH on NYSE Arca, is closing in on $1 billion in assets less than a month after its Wall Street debut. The fund has accumulated $914.53 million in net assets and $270.95 million in cumulative net inflows, according to SoSoValue data.

The rapid expansion of the fund coincides with Zcash's value roughly doubling since it began trading on Aug. 25, reaching a price of around $1,515.78 as of Sept. 20.

The rally has also spilled into derivatives markets, with ZEC futures open interest climbing to an all-time high of about $3.5 billion this week and futures trading volume crossing $10 billion for the first time since early June, according to CoinGlass data.