Grayscale’s Zcash ETF Tops $1 Billion in Assets Within 30 Trading Days

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Grayscale’s Zcash exchange-traded fund surpassed $1 billion in assets under management within 30 trading days of its launch. The firm said the crypto ETF market, once concentrated in Bitcoin and Ether, is broadening to include a wider range of assets.

The Block reported on Oct. 7 that Krista Lynch, Grayscale’s managing director for trading and capital markets, highlighted the performance of the Zcash ETF, ticker ZCSH, at the Token2049 conference in Singapore. “The Zcash ETF ranks in the top 1% of ETFs launched over the past 10 years based on first-month performance,” Lynch said.

Lynch said the U.S. Securities and Exchange Commission’s standard listing criteria laid the groundwork for broader product offerings. The framework covers about 15 tokens, she said, giving issuers more room to choose products based on investor demand and their own judgment. In January, Grayscale selected 27 assets across four sectors — AI, decentralized finance, consumer and infrastructure — for review as potential ETF launches.