Grayscale's Zcash ETF begins trading on NYSE Arca

Published Aug 27, 05:51 AM UTC

Grayscale's Zcash ETF (ticker: ZCSH) began trading on NYSE Arca on August 25, 2026, marking the first U.S. exchange-traded product to offer spot exposure to ZEC, the native token of Zcash. The fund converts Grayscale's private Zcash Trust into a redeemable ETP holding actual ZEC, custodied by Coinbase, with BNY as administrator and Jane Street and Virtu as authorized participants. It launched with approximately 387,000 ZEC (about $313 million in assets under management) and charges a 2.50% annual fee, roughly 10 times that of a typical Bitcoin ETF. Early fee revenue is earmarked for Zcash ecosystem development. Grayscale pitches ZEC as 'Bitcoin with optional privacy,' citing its 21 million supply cap, halvings, and a shielded pool of 4.4 million ZEC made more efficient by July's Ironwood upgrade. ZEC has rallied into the listing, nearing multi-year highs around $800-900. Notably, the ETF holds ZEC in transparent Coinbase custody wallets, providing price exposure without utilizing Zcash's shielded privacy technology.