{
  "id": 3675751,
  "title": "Grayscale's Zcash ETF Begins Trading on NYSE Arca",
  "url": "https://urgent.news/2026/08/25/grayscales-zcash-etf-begins-trading-on-nyse-arca",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T17:53:55.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/grayscales-zcash-etf-begins-trading-175355101.html"
  },
  "original_language": "en",
  "account": "Today, Grayscale's Zcash ETF commenced trading on the NYSE Arca under the ticker $ZCSH. This marks the inaugural U.S. exchange-traded product providing spot exposure to ZEC, Zcash's native token. The ETP converts Grayscale's longstanding private Zcash Trust into a redeemable form, with ZEC custodied by Coinbase. BNY serves as the administrator, while Jane Street and Virtu act as authorized participants.\n\nThe fund was launched with approximately 387,000 ZEC (equivalent to $313 million in assets under management). It carries a significant 2.50% annual fee, ten times the rate of a typical Bitcoin ETF, with early fee revenue designated for Zcash ecosystem development. Grayscale positions ZEC as Bitcoin with optional privacy, boasting a 21M supply cap, halvings, and a shielded pool of roughly 4.4M ZEC (26% of supply) that became more efficient following July's Ironwood upgrade. ZEC has rallied since its listing, nearing multi-year highs around $800-900.\n\nHowever, an irony arises as ZCSH holds its ZEC in transparent Coinbase custody wallets, allowing investors to gain price exposure without engaging with the shielded technology that distinguishes Zcash as a privacy asset.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}