Crypto
Zcash ETF Soars to $463 Million in Assets as ZEC Nears $1,200
The Zcash ETF, launched on NYSE Arca on August 25, has seen significant growth in its net assets. As of September 4, Grayscale's Zcash ETF (ZCSH) held $463.2 million in assets, marking a substantial increase from the $260 million at conversion.
The fund's shares closed at $83.77 on September 4, up 7.62% for the day. The net asset value per share stood at $83.48, within a 52-week range of $3.54 to $84.23.
Zcash (ZEC) has been one of the top performers in recent weeks, with its price nearing $1,200 and up 11% over the past 24 hours. The token's market capitalization has surpassed $20 billion, according to BeInCrypto data.