Zcash ETF Surpasses $500 Million in Assets Under Management
The Zcash ETF, trading under the ticker ZCSH, has surpassed $500 million in assets under management, a milestone achieved just two weeks after its debut on NYSE Arca. The fund's sponsor announced that cumulative inflows had exceeded $70 million during this period.
The DCG International Investments affiliate acquired shares worth approximately $100 million through an authorized participant, contributing 85,705.32563297 ZEC in exchange for those shares. This investment 'meaningfully increases the scale of the Fund' as it works to broaden access to ZEC, according to Head of Index Steve Vanourny.
The launch of options trading on the fund also marked a significant development, giving market participants new tools for managing risk and expressing views on the fund.