Zcash Surges Past $1,000, Grayscale ETF Assets Top $400 Million

Zcash has surged past $1,000, pushing the assets of Grayscale's ZCSH ETF to over $400 million just two weeks after its debut.

The price of ZEC rose by nearly 100% in a month and roughly 20% in 24 hours to an intraday high of $1,050.70.

Grayscale inherited assets from the Grayscale Zcash Trust and saw its ZEC holdings rise from 387,849 at launch to 428,613 by Sept. 3, while shares outstanding increased to 5.35 million.

CoinGlass data showed that Zcash futures open interest crossed $2 billion for the first time, while 24-hour futures volume climbed above $6 billion.