Zcash ETF Surges to Third Place Just Four Weeks After Launch

The Grayscale Zcash Trust, launched on August 27, has taken only four weeks to become the third-largest altcoin ETF product by inflows.

In a single week, the fund accounted for 32.5% of all spot crypto ETF trading volume, with $11.42 billion in turnover, according to data from September 18.

The majority of this activity occurred on September 16, when the Federal Reserve raised its target range by 25 basis points and the Senate narrowly rejected the CLARITY Act, leading to a frenzy of trading in cryptocurrencies.

The Grayscale Zcash Trust has experienced four consecutive weeks of positive inflows since its launch, with $271 million in total assets. This growth is largely due to the 175.14% monthly gain in ZEC's price rather than new inflows, which make up only 70% of the fund's holdings.