Grayscale's Zcash ETF Tops $500M AUM in Two Weeks
AI Market Summary
Grayscale's newly listed Zcash ETF has surpassed $500M AUM in two weeks, with $70M in inflows plus a $100M DCG allocation, now holding ~550k ZEC (~3% of circulating supply). This is a notable liquidity and institutional-access milestone for ZEC. Broader crypto remains range-bound as markets await U.S. inflation data and the Fed's Sept. 15–16 rate decision.
Impact level
● Medium
Affected assets
ZEC/USDT+9.96%
AI Insight · ZEC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Bitcoin briefly slid to $77,666 on Tuesday before recovering to around $78,900 in early Asian trading Wednesday, leaving little net change over the past 24 hours, CoinDesk reported. The token is still up nearly 2% for the week.
Traders are watching upcoming U.S. inflation readings and the Federal Reserve's interest-rate decision set for Sept. 15–16.
Grayscale said its Zcash exchange-traded fund, which began trading on NYSE Arca two weeks ago, has surpassed $500 million in assets under management. The ETF, ticker ZCSH, has drawn more than $70 million in cumulative inflows since its Aug. 25 launch and also received a $100 million investment from DCG International Investments.
The fund currently holds more than 550,000 ZEC, representing about 3% of ZEC's circulating supply.
