Zcash ETF Tops $500 Million as NYSE Arca Options Launch

The Zcash ETF, trading under the ticker ZCSH, said on Sept. 8 that its assets under management had passed $500 million, two weeks after its NYSE Arca debut. The milestone coincided with the start of listed options trading on the fund and included an approximately $100 million affiliated investment.

An official filing exhibit with the U.S. Securities and Exchange Commission says DCG International Investments acquired ZCSH shares worth about $100 million through an authorized participant. The affiliate of the fund’s sponsor contributed 85,705.32563297 ZEC in exchange for those shares.

ZCSH reports more than $500 million in assets

The fund said cumulative inflows exceeded $70 million during its first two weeks as an exchange-traded product. Head of Index Steve Vanourny said those inflows, together with the DCG investment, “meaningfully increase the scale of the Fund” as it works to broaden access to ZEC.

ZCSH began trading on NYSE Arca on Aug. 25. BlockchainReporter covered the debut of the first U.S. spot Zcash ETF when the product converted from a private trust. The newly reported asset total and options launch are later developments that change the fund’s operating scale and the tools available around it.