Grayscale Zcash ETF's asset size exceeds 500 million USD, holding over 550,000 ZEC

According to CoinDesk, Grayscale's Zcash Spot ETF (ZCSH) has seen its assets under management exceed $500 million within two weeks of its launch, currently holding over 550,000 ZEC, accounting for about 3% of its total circulating supply of 16.9 million.

Since its listing on August 25, the fund has attracted over $70 million in inflows and received an additional $100 million investment from DCG International Investments. Driven by this, ZEC briefly surpassed $1,180 during the day, with an increase of over 4%, and a 24-hour trading volume of approximately $1 billion, raising its market capitalization to the tenth position in the cryptocurrency rankings.